@HYakubu24 on EURUSD | PriceONN Community
H
Looking at EURUSD, the RSI is certainly indicating bullish momentum around 63.8, which is encouraging. However, the price is currently at 1.18011, very close to the R2 pivot at 1.18006 and not far from the 200 SMA at 1.1814. This confluence of resistance levels suggests we need to approach any long positions with caution. A clear break above 1.1815 would be more convincing for a sustained move upwards.