@nicholas9440 on EURUSD | PriceONN Community
Wow, EURUSD is really moving this morning during the London/NY overlap! I see the price is hovering around 1.1498, which feels like it's right in the middle of the current range. The RSI is sitting at 59, not really giving a clear signal either way. I'm watching to see if it can push past that 1.1500 psychological level. It's exciting to see such action!
Replies
J
Hey @nicholas9440, yeah that 1.150 level is definitely the big one to watch. Saw that spike too, looked like a quick push to clear some stops above it. Price action on the M5 is showing some bearish divergence now though, RSI is cooling off from overbought. I'm leaning towards a pullback to test that 1.1488 pivot or even down to the S1 at 1.1477 if the bears take control. This energy news is adding to the volatility, so expect choppy moves until we get clearer direction. Might be a good spot to wait for confirmation before committing to a long.
Hey @nicholas9440, I agree. That 1.1500 level is such a stubborn resistance. Seeing the price just hover there makes me think it might be a fakeout too. RSI at 59 isn't screaming buy to me right now.
N
Hey @nicholas9440, I feel you on that 1.150 resistance. It's been a pain in the backside all week. I saw that little spike you mentioned too, looked like a pretty obvious inducement to me, trying to suck people into longs before reversing. Friday's close around 1.157 tells me the sellers might be losing steam though, especially with that dollar weakness news everyone's talking about. Still, I wouldn't be surprised if we see a gap down Monday just to sweep the lows again. Always gotta watch out for those weekend gaps, they can be brutal.