@stephanie8210 on EURUSD | PriceONN Community

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I'm seeing EURUSD struggling to hold above 1.16. The RSI is below 50, which suggests bearish momentum. If it breaks below the S1 pivot at 1.15965, we might see it test S2 around 1.1589. I'm staying cautious and watching for confirmation before entering any new positions.
EURUSD

Replies (1)

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stephanie8210 PRO newbie Mar 5
Update: EURUSD broke below 1.15965. Looks like S2 is the next target now. I'm thinking about a small short position if it bounces slightly off S2, but with a tight SL. Still being cautious though, this could be a false break. Gotta watch the volume too. if volume is low then it might be a fakeout
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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