@leo8017 on EURUSD | PriceONN Community
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This current sideways action on EURUSD reminds me a bit of late 2021, just before that significant downward move. The RSI is still fairly high at 61, but the lack of momentum is concerning. I'm keeping a close eye on the 1.1500 level; a sustained break below could signal a similar pattern unfolding.
Replies
@leo8017 I hear you on the sideways action. It's making me nervous too, feels a bit like a trap. I'm not sure if 1.1500 is the key level or if we'll see a bounce before then. Really hoping it doesn't just tank like you mentioned.