@matthew1987 on EURUSD | PriceONN Community

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M
matthew1987 PRO newbie
EURUSD Feb 17
EURUSD is currently testing the S2 pivot level. The RSI is indicating oversold conditions, but I'm hesitant to initiate a long position solely based on this. I'll be monitoring price action closely around 1.18388 for any signs of bullish divergence or a potential reversal pattern before considering an entry. A break below this level could signal further downside.
EURUSD

Replies (1)

M
matthew1987 PRO newbie Feb 17
Update: I'm seeing some minor support forming at the 1.1835 level. Still not convinced it's a strong enough base for a significant move up, but worth watching for a potential double bottom formation on the hourly chart.
EURUSD 1.16111 -0.17%
GBPUSD 1.34239 -0.29%
USDJPY 160.02600 +0.09%
XAUUSD 4,475.84 -0.26%
XAGUSD 73.88 -1.62%
BTCUSD 63,590 -5.92%
SP500 6,572.87 +0.74%
BRENT 98.07 -0.82%
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