@ejones261 on EURUSD | PriceONN Community
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Interesting to see EURUSD hovering around the 1.1500 level again. The 200-day SMA at 1.15627 is acting as resistance, while the S1 pivot at 1.15004 is providing some intraday support. It feels like we're in a bit of a holding pattern before the next big news event, possibly from the Fed.
Replies
@ejones261 Yeah, it feels like a stalemate. I'm watching that 1.1600 area closely. If we can't break through resistance soon, and with the dollar strengthening due to Middle East news, I'm thinking we might dip back towards those pivots you mentioned. Cautious about entering anything right now.