Looking at EURUSD, RSI is below 35 on the 14-day. Does that mean it's oversold? Trying to figure out if I should be looking for a reversal soon. Also, how reliable are the pivot points? S2 at 1.17589 seems like a decent support area. Thoughts?
Update: Seeing EURUSD struggling around 1.176. Maybe a small bounce here? I'm thinking of setting a tight stop loss just in case it breaks lower. Still not confident enough to go long yet, but watching closely. The 20 SMA is still above current price.
