@aharris779 on EURUSD | PriceONN Community

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aharris779
aharris779 PRO newbie
EURUSD Mar 17
Watching this EURUSD Asian session action, seems like we're consolidating around the 1.1490-1.1500 zone. Given the recent choppy price action and mixed signals from the RSI, is anyone else looking for a potential breakout scenario here? I'm considering a scalping strategy if we can break convincingly past R1, but honestly, it feels like a coin toss right now. Anyone seeing any specific divergence patterns on lower timeframes that might give us a clue?
EURUSD

Replies (1)

U
usmanbaig PRO newbie Mar 21
Hey @aharris779, yeah I saw that consolidation around 1.1490-1.1500. Honestly, I'm not too worried about the chop right now. My main focus is on the bigger picture and the potential reversal in the DXY. With that dollar weakness kicking in, especially after the Fed's stance and this oil price surge... I'm feeling pretty bullish on EURUSD for the coming week. I think we'll see a solid break upwards, probably retesting those R1 and R2 levels we saw on Friday. I'm already positioned for it, leveraged up to the eyeballs. A breakout above 1.16 would be sweet, could see 1.17 or even higher if the momentum really catches fire. This whole geopolitical drama is just noise to me, the dollar falling is the real signal.
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