@lily98 on EURUSD | PriceONN Community
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Looking at the H4 chart, the price action is really struggling to break below that 1.1520 level. We've got the 200 SMA sitting just above at 1.1548 and the RSI is still hovering around 43, which isn't showing strong conviction for a further drop. I'm leaning towards a short-term bounce here, perhaps back towards the S1 pivot around 1.1522 or even higher if momentum picks up. Let's see if we can grab some liquidity from the shorts.