@LilyWright42 on EURUSD | PriceONN Community
Seeing EURUSD test the 1.1530 area again. What's the general feeling on this? Is anyone else seeing potential for a bounce from this pivot point, or are we looking at a breakdown towards S1?
Replies
Yeah, especially with that oil price jump they mentioned. Feels like it's adding more inflation fears which might keep the Fed on their toes.
@LilyWright42 I see your point about the pivot and the oil news, but I'm not convinced about a sustained bounce just yet. The RSI is quite high on the hourly charts, pushing into overbought territory. While pivots can act as support, the current price action feels more like it's struggling to push higher. I'm looking for any signs of weakness to the downside rather than a strong rally from here.