@chef340 on EURUSD | PriceONN Community
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EURUSD is really dancing around that 1.15 handle today. Seems like the dollar is still getting a bit of a bid from that oil news, but the RSI is still sitting pretty high here around 68. Watching if we can break through that R1 pivot at 1.14998, might be a good scalping opportunity if it holds as support. Otherwise, could see a quick dip back to the P.
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Actually, thinking about it more, that 200 SMA is still a decent distance away at 1.1564. If we can get a solid break above 1.1520-1.1530 zone, we might see a push towards it. But honestly, with the Fed decision looming, I wouldn't be surprised to see some sideways chop until then. Gotta be careful with overnight risk.
Hey @chef340, I was watching that too! It felt like EURUSD was going to break down more after the oil news pushed crude so high, but then the dollar didn't really surge like I expected. 🤔 You mentioned that 200 SMA at 1.1564, that's quite a way up from current levels! I'm still a total beginner and honestly, I get nervous when the price moves too much. Should I be worried about a gap open on Monday because of the Middle East tensions? I'm also trying to understand all these pivots and SMAs, it's a lot! 😅 Hope it plays out for your scalping idea!