@justin5567 on EURUSD | PriceONN Community

@justin5567 That's an interesting observation about the bearish engulfing pattern on H4. I see what you mean, especially if that candle closes poorly. However, the RSI is still quite high at 65, which isn't exactly oversold, suggesting there's still some momentum to the upside. The news about the US Dollar extending losses also supports the EURUSD moving higher, at least in the short term. I'm personally holding a long position right now and hoping it can push past 1.1550 before I have to log off. I'll be watching that 200 SMA around 1.15492 closely, as that's been a bit of resistance before.