@michaelsmith97 on EURUSD | PriceONN Community
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The volume on EURUSD looks pretty flat right now. It's not really confirming any strong directional move, which is typical for this time of day sometimes. I'm not seeing any significant spikes that would suggest institutions are piling in or out. We need to see more conviction from volume before expecting a big move.
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Hey @michaelsmith97, I hear you on the volume. It's been pretty quiet this afternoon for EUR/USD, and honestly, that's what I'm expecting given it's the middle of the US session and not right before a major data release. Volume usually picks up again closer to the London close or if there's some unexpected news. I find that when volume is low like this, price action can be a bit choppy and prone to false moves, so I'm staying on the sidelines for now. Focusing on the H4 and daily charts for clearer signals rather than getting caught in the noise of the lower timeframes. The S2 pivot at 1.15153 is holding for now, which is interesting, but without strong volume behind it, I'm not betting on a sustained move yet. We need to see some conviction.
Hey @michaelsmith97, I agree. Volume's been a ghost town this afternoon. Hard to get a read on conviction when it's this flat. Hopefully it picks up soon, makes for better trading.