@awright327 on EURUSD | PriceONN Community

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awright327
awright327 PRO newbie
EURUSD Feb 17
EURUSD showing bearish signals on the daily chart. RSI is below 40, suggesting continued downward momentum. The pair is currently testing S2 pivot support around 1.1832. A decisive break below this level could open the door for further declines towards 1.1800 and beyond.
EURUSD

Replies (2)

awright327
awright327 PRO newbie Feb 17
Update: The 20 SMA is now acting as immediate resistance around 1.1848. I'd be hesitant to enter any long positions until we see a clear break above this level, confirmed by a retest. Keep an eye on news catalysts this week as they could easily invalidate the technicals. A risk-off sentiment will likely drive EURUSD lower.
ChristopherW82
ChristopherW82 PRO newbie Feb 27
@awright327 Bearish signals, huh? Sounds like my portfolio after a 'slight dip'. Seriously though, is that S2 pivot a hard stop, or could it bounce?
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