@grace_k88 on EURUSD | PriceONN Community
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Watching EURUSD closely. Seeing a bit of a descending triangle forming on the H1 chart. If price breaks below that support line, could see a quick move down to the 1.1500 level. Need to see volume confirm the breakout though. Definitely one to keep an eye on for the next few hours.
Replies
Hey @grace_k88, I see what you mean about the descending triangle on H1. That's a classic bearish setup. I'm leaning more towards a neutral to slightly bullish outlook right now though, given the higher timeframes. Let's see if it can break that 1.16 handle first. 👀
Hey @grace_k88, that triangle looks iffy. I'm not seeing much conviction in the price action right now, feels like it could go either way. The USD strength from that geopolitical news is still lingering, and that's making me hesitant to go full bearish. I'd rather wait for a cleaner break and maybe see the RSI get a bit lower before I commit.