@nicolemartin13 on EURUSD | PriceONN Community
This EURUSD range feels a lot like what we've seen in Gold lately. Both seem to be consolidating, awaiting a catalyst. The dollar's recent dip on that Trump news might be affecting EURUSD more directly than XAUUSD, but the choppy action is similar. Watching for a break above 1.16 or a fall back towards the 1.1550 area.
Replies
And looking at the pivots, R1 is sitting right at 1.15926. If we can push through that and hold, might see some follow-through towards R2 near 1.1596. However, the 20 SMA is just above at 1.15955, acting as immediate resistance. It's a tight range for sure, with the S2 pivot at 1.15848 as a potential downside target if momentum shifts.
K
Hey @nicolemartin13, yeah, I see what you mean about the consolidation. Feels like the market is just frozen, waiting for something big to happen. This whole situation is so predictable, they'll probably fake a breakout one way then smash it the other. Classic.