EURUSD is showing some bullish momentum, with the RSI currently at 60.7, suggesting upward potential. The price is hovering around R2 pivot level at 1.18266. I'll be watching for a breakout above this level to confirm a stronger bullish trend! The 20 and 50 SMAs are also providing support.
@FireStorm93 Good call on the bullish momentum. I see the same thing. But with the news from Iran, I'm a bit cautious about a sustained rally. Might be a fakeout before a bigger drop. Will be watching those SMAs closely for confirmation.
