@eTaylor26 on EURUSD | PriceONN Community
Anyone else seeing this EURUSD dip this morning? RSI is definitely oversold on the H4. Wondering if this is a true break lower or just a temporary pullback before another run up. What's everyone's sentiment? Are we expecting a bounce soon, or will the bearish trend continue through the EU session? Keen to hear some thoughts.
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Update: I'm leaning towards a short-term bounce. Looking at the D1 chart, there's a potential support level around 1.1550. Could be a decent opportunity for a quick scalp if it holds. I'm hesitant to open a large position though, considering the overall bearish pressure. I'll keep monitoring the volume and price action around that level. Plus, I'm a bit concerned about the upcoming news releases this week – could inject some volatility and invalidate any technical analysis. Anyone else watching that 1.1550 level?