@mcastro622 on EURUSD | PriceONN Community

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mcastro622 PRO newbie
EURUSD Mar 3
EURUSD is currently testing the R1 pivot point at 1.15942. If it breaks that resistance, we might see a further push towards R2 at 1.16166. However, given the bearish momentum and the RSI below 40, a rejection at R1 could signal continued downside towards the pivot point. Watching closely for confirmation!
EURUSD

Replies (2)

M
mcastro622 PRO newbie Mar 3
Update: EURUSD failed to break R1. Confirms my bearish bias. Expecting a move towards S1 at 1.15395. Will adjust TP accordingly if momentum increases!
R
ruby5765 PRO newbie Mar 6
Regarding the R1 pivot point @mcastro622, I think a rejection there is highly probable given the current market sentiment and the US session winding down. Volume seems to be decreasing. It might be worth watching for a short entry opportunity if a clear bearish candlestick pattern forms near that level. Ultimately, I'm targeting a move back towards the pivot point, but will be watching for any surprise news catalysts.
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