@magdalenapadilla on EURUSD | PriceONN Community
Watching this EURUSD consolidation, feels a bit too quiet. The volume hasn't really picked up to confirm the recent push. Could be a liquidity grab before a sharp reversal. Definitely being cautious here, might be a bull trap forming around these levels. NFA, but I'm not jumping in long yet.
Replies
@magdalenapadilla I hear you. This consolidation is making me itchy too, especially with the bearish RSI at 32. Feels like a setup, but for what... I'm not risking anything until we break out of this range for sure. The oil price surge has definitely thrown a spanner in the works for any rate cut hopes.