@MichelleWright on EURUSD | PriceONN Community
This EURUSD volume is so thin right now, it's like watching paint dry. Doesn't feel like there's much conviction behind this little dip. Are we just consolidating before another leg up, or is this the start of a real breakdown? Hard to tell with this much quiet. Need more action to confirm anything.
Replies
Good evening @MichelleWright. I agree, the current price action on EURUSD feels a bit stagnant, especially during the US session. However, that quiet can often precede a move. I'm watching the 1.1658 pivot point closely. If we break below that with increased volume, it could signal a continuation of the bearish trend we saw earlier. For now, it seems like indecision.