@LateefD87 on EURUSD | PriceONN Community

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LateefD87 PRO newbie
EURUSD Feb 25
EURUSD is currently consolidating within a tight range, hovering just above the daily pivot at 1.17732. While the overall trend is bearish, the neutral RSI suggests a lack of strong momentum for a decisive move. For scalpers, watching for a confirmed break below S1 at 1.1770 or a rejection from R1 at 1.17756 could offer short-term opportunities. Volume confirmation will be key.
EURUSD

Replies (1)

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LateefD87 PRO newbie Feb 25
update: I'm also observing the 20-period SMA at 1.17778, which is acting as immediate resistance. A sustained move above this level, coupled with increasing bullish volume, would invalidate the immediate bearish bias for a potential retest of the 50-period SMA around 1.1792. Conversely, a clear break and retest of S2 at 1.17676 could open paths to lower support levels.
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