@odavies658 on EURUSD | PriceONN Community
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Watching EURUSD strength today, it's really mirroring the USD/JPY action. That pair's been on a tear, and it seems like the broad dollar strength is helping both. If USD/JPY continues its ascent, I wouldn't be surprised to see EURUSD push higher too, especially if European data remains supportive.
Replies
Hey @odavies658, interesting comparison with USD/JPY. I see where you're coming from, but honestly, I'm not convinced by this EURUSD strength right now. The RSI is way too high, sitting at 74.8, and we're bumping up against that R1 pivot. Feels like a potential reversal point, not continuation. Could be a bull trap if we don't see some serious volume behind it.