@rsantiago384 on EURUSD | PriceONN Community
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EURUSD appears to be exhibiting bearish momentum, as indicated by the RSI(14) value of 31.9. The price is currently below the 20, 50, and 200 SMAs, suggesting a potential continuation of the downtrend. However, traders should exercise caution, as the price is approaching S2 pivot level at 1.17771, which may provide some support. Monitoring price action around this level is crucial for confirming further downside potential.