@EDavies58 on EURUSD | PriceONN Community

Thinking more about that FOMC meeting mentioned in the news, it's definitely something to keep an eye on. Even though we're seeing this bullish move on EURUSD now, a surprise announcement could flip sentiment fast. So maybe it's good to have a plan for both scenarios, just in case!

@EDavies58 Hey Emily, it's definitely pushing higher and the RSI is sitting pretty above 60, which is a nice bullish signal. What I'm seeing though is that price is approaching the R1 pivot at 1.16352. That's a key resistance level, and if we get a strong rejection there, we could see a pullback, especially if US retail sales data disappoints later. Don't get too caught up in just the momentum; always look for those confluence points of resistance and potential reversals. It's not necessarily bearish, just a reminder to watch out for profit-taking or a liquidity grab before the next leg up.