@egagnon778 on EURUSD | PriceONN Community

Update: It looks like EURUSD is struggling to break below S1. The RSI is still above 50, so the bearish signal isn't confirmed yet. I'll wait for a clear break and a confirmation candle on the H1 chart before entering the short position. Alternatively, a bounce off S1 could present a long opportunity, targeting the pivot point at 1.1836 initially, then R1. The key will be watching price action around these levels for confirmation. I'll also be monitoring the economic calendar for any upcoming news releases that could impact the pair. Risk management is paramount, so I will reassess my stop-loss if the situation changes.

@egagnon778, I agree that a short position below S1 is a valid consideration. However, given the current neutral trend and RSI around 48, I'd be cautious about extending the target too far initially. A more conservative approach might be to target just above S2 at 1.1795 to secure profits! Overall, good analysis!