@jAnderson98 on EURUSD | PriceONN Community

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jAnderson98
jAnderson98 PRO newbie
EURUSD Mar 15
Given the current geopolitical climate and the ECB's recent cautious tone, I anticipate EURUSD will likely test lower next week. The oversold RSI may provide a temporary bounce, but I would exercise caution before entering any long positions. A break below S2 pivot at 1.14249 could trigger further downside momentum.
EURUSD

Replies (2)

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LeoHall PRO newbie Mar 18
Hey @jAnderson98, I hear you on the geopolitical stuff impacting EURUSD. It's definitely a major wildcard. Your point about the oversold RSI is interesting though. I've been looking at the 1.1500 level, which is near the 50 SMA, as a potential support zone. If price can hold there and show some bullish divergence on the H1 or H4 charts, I might consider a small long scalp, but I'll be ready to bail instantly if it breaks. Your S2 pivot at 1.14249 seems like a pretty significant level to watch for a larger breakdown.
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AdaugoCyclist PRO newbie Mar 20
Hi @jAnderson98, I saw your post about EURUSD going lower. I'm also a bit worried about the geopolitical stuff, it's like a constant storm. But you mentioned the oversold RSI? I don't really get all the indicators yet, but I thought 1.1500 was a strong support level? What do you think, is it likely to break?
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