@hadiza5207 on EURUSD | PriceONN Community

Continuing on that thought from before, the key difference might be the overall economic sentiment. Remember how cautious everyone was back then? Now, with the dollar weakening due to geopolitical easing, like that news about the US and Iran potentially talking, it provides a different backdrop. That could allow EURUSD to sustain this climb, even with the RSI nearing overbought territory. I'm watching R1 at 1.17972 closely; a clean break there on decent volume would confirm continued upside.

Hey @hadiza5207, interesting comparison to late 2021. I'm also a bit hesitant about that 1.18 level. While the dollar weakness is there, the rising oil prices and potential impact on US consumers is making me think twice about a strong bullish push right away. Feels like we could see a gap up but then get rejected if that inflation news out of Canada or the US really scares the market.