@miawright56 on EURUSD | PriceONN Community
Looking at EURUSD, the price action around 1.1540 is quite interesting. We've seen a nice bullish move today, pushing past the 50-period SMA on the H1 chart, which is now acting as support just below 1.1535. The RSI is hovering around 52, indicating a neutral stance but with room to move higher. If we can hold above the pivot point at 1.1545 and see increased volume, I anticipate a move towards R1 at 1.1551. Breaking above that level could then target R2 near 1.1558. The broader context of that contracting triangle pattern mentioned in the news also suggests a potential breakout is imminent, and given today's strength, I'm leaning towards a bullish continuation, at least in the short term.