Price: 1.1771 | EMA7: 1.15 | EMA25: 1.12 | RSI14: 72.53 | Resistance: 1.1822 | Support: 1.0187 | Average Volume: 190850657.06 | Volume Trend: Decreasing
EUR/USD appears overbought on the weekly chart with RSI nearing 73.
**Entry:**
* **Long:** Consider long entries above 1.1822 (resistance) if price convincingly breaks through.
* **Short:** Potential short entries near 1.1771, but be cautious as price action could continue upwards.
**Spot Buy:** I'd avoid buying at the current price (1.1771) due to overbought conditions. Wait for a pullback towards support (1.0187) or a decrease in RSI to enter.
**Note:** Decreasing volume doesn't inspire conviction in the current uptrend. Watch for confirmation through strong breakouts or trend reversals.
Remember, technical analysis is not foolproof. Always manage risk and consider broader market context.