@williamthomas30 on EURUSD | PriceONN Community

Hey @williamthomas30, I saw that dip too. It was a classic liquidity grab, I suspect. The price action immediately bounced off the 1.1560 level, which is holding well as support, and importantly, it's above the 20-period SMA on the H1 chart. Given the broader USD weakness we've been seeing, especially with the news about easing safe-haven demand for the dollar, I'm not surprised we saw such a sharp recovery. The next key level to watch is definitely 1.1620, the R1 pivot. If we break through that convincingly, I think we could see further upside towards 1.1636.