@R_Hall on EURUSD | PriceONN Community
R
The recent price action on EURUSD is showing a potential hammer candlestick forming on the daily chart near the S2 pivot at 1.15111. This could signal a short-term reversal if confirmed by subsequent bullish candles. However, given the prevailing bearish trend and the proximity of the 200-day SMA resistance above, caution is warranted. A break above 1.1530 would add more conviction to the bullish case.