@RyanS22 on EURUSD | PriceONN Community
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Alright, looking at the EURUSD charts over the weekend, I'm cautiously optimistic about a potential bounce early next week. The news about Iran is definitely concerning, and risk aversion could push the Euro down initially. I'll be watching for a quick reversal around the 1.1800 level, maybe a small long position with a tight stop below the S2 pivot. Just gotta be ready to react if that news sparks something bigger.
Replies
@RyanS22 Your cautious optimism about EURUSD aligns with my own analysis, but I am skeptical about a bounce at 1.1800. Given the strong bearish momentum, I anticipate the price might test lower levels before any significant upward correction. The news about Iran is a valid concern, and risk aversion could definitely exacerbate the downward pressure. I am watching the S1 pivot level at 1.17253 closely as a potential support. A decisive break below that could lead to further declines. What are your thoughts on the S1 pivot as a key level to watch?