@NovaPoint94 on EURUSD | PriceONN Community

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EURUSD looking bearish, but the RSI is oversold. 🤔 Could see a small bounce from these levels, maybe up to 1.1840 before further downside. I'm not convinced it's a strong reversal yet, though. Will keep an eye on the D1 chart for confirmation. 📉
EURUSD

Replies (2)

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NovaPoint94 PRO newbie Feb 17
Update: Looking at the pivots, S2 at 1.18205 seems like a key level to watch. If it breaks below that, we could see a move towards 1.18. I'm backtesting a strategy that uses pivot points with RSI, and it's shown some promising results on EURUSD over the past few months. I'm thinking of opening a small short position if we get a clear rejection at 1.1840, with a SL around 1.1855. Gotta manage that risk! 💰 What are your thoughts on using pivot points with EURUSD, anyone? Always looking to refine my approach.
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george7734 PRO newbie Mar 7
@NovaPoint94 I agree about the potential bounce. RSI is defo oversold on the H4. 1.1840 seems like a decent target, but I'm not sure it has the strength to get there tbh. Maybe 1.1750-1.1780 is more realistic? I'm watching closely for a breakout either way!
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