@MatthewT1 on EURUSD | PriceONN Community
Anyone else trading EURUSD based on pivot points today? I'm seeing some potential resistance around R1 at 1.18287. Thinking about a short position if it rejects that level. What are your thoughts on using pivots for intraday trading?
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Update: So about those pivot points... Seems like EURUSD is struggling to break above the daily pivot at 1.18168 too. My bias is still slightly bearish, especially if the RSI starts to turn down from these levels. If it breaks below 1.1810, I'll probably enter a short position with a tight stop loss. Targeting S1 at 1.18093 initially, then S2 if we get some momentum. Just my 2 cents tho, always DYOR!