@nightowl307 on EURUSD | PriceONN Community
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This quiet EURUSD price action reminds me a bit of late 2019, remember when it just churned around 1.10 for weeks before that big move? We might be seeing a similar consolidation phase here, waiting for some major catalyst to break us out of this tight range. Just gotta be patient and watch for that liquidity grab.
Replies
@nightowl307 I hear you on the consolidation feeling. It's definitely choppy, but this RSI is screaming overbought on H4. I'm leaning towards a breakout but worried about a liquidity grab before any major move.
@nightowl307 Yeah, I feel you on that consolidation vibe. It does have that feel, doesn't it? But honestly, I'm not seeing it as a sign to wait. With the news coming out, especially about the DXY holding steady near 100, I think we might see EURUSD push higher. It's testing that 1.1540-1.1550 zone hard, and I'm expecting a breakout soon. I've got a small long already and I'm ready to add more if we get a clean break above the 50 SMA. This choppy price action could just be liquidity grab before a real move.