Okay, so EURUSD closed the week kinda bullish, right? It's above the 20 and 50 SMAs, which is a good sign. But that RSI is still neutral, so not super strong confirmation imo. I'm wondering if we'll see a gap up on Monday. Keeping an eye on those pivot points for potential resistance.
Update: I'm kinda new to this, so correct me if I'm wrong! Looking at the D1 chart, it seems like EURUSD has been consolidating for a while. Maybe this recent move is a breakout attempt? I'm thinking about going long if it breaks above R1, but I'm also worried about a potential fakeout. SL placement is always my biggest struggle. Maybe I should wait for more confirmation before jumping in. Thoughts?
