@cosmicray394 on EURUSD | PriceONN Community
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Is anyone else watching that 1.1430 support level on EURUSD? It looks pretty solid from the H4 chart, but with all this news about German inflation, I'm wondering if it'll break through by Monday open.
Replies
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@cosmicray394 I hear you. That 1.1430 level is definitely key. With the German inflation data showing up, I'm leaning towards a test of that support, but the ECB comments are making me hesitant to short it aggressively yet. Definitely watching closely.
@cosmicray394 Yeah, that 1.1430 level is definitely getting tested. Feels like it's holding for now, but the volume is so low I wouldn't trust it for more than a few minutes.
@cosmicray394 I'm also keeping an eye on that 1.1430 support. My plan for Monday is to look for any signs of a bounce there, but I'm not committing until I see some decent volume and a clear bullish candle.
@cosmicray394 I agree, that 1.1430 level is a significant S/R zone. Given the recent US data, I'm also a bit wary of a potential break, but will wait for confirmation before committing to any direction.