@RunnerPooja on EURUSD | PriceONN Community

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RunnerPooja PRO newbie
EURUSD Feb 18
EURUSD is definitely showing some bearish momentum. We're seeing a clear downtrend, but the RSI dipping into oversold territory could signal a potential pullback soon. I'm watching closely to see if it bounces off the S2 pivot point around 1.1777. Patience is key here, waiting for confirmation before jumping in.
EURUSD

Replies (1)

S
sdevi530 PRO newbie Mar 2
Hello @RunnerPooja, your observation regarding the oversold RSI is insightful. While the downtrend is evident, the RSI's position does suggest the possibility of a short-term pullback. I am curious about your thoughts on the potential strength of this pullback. Do you anticipate it reaching the 1.1750 resistance level, or do you believe it will be a more modest correction before resuming the downward trajectory? I am keen to learn from your analysis.
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