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EURUSD currently testing S1 pivot around 1.1829. RSI confirming bearish momentum, though approaching oversold territory. A break below S2 at 1.18239 could open the door to further downside. Watching for a potential bounce around these levels, but bias remains short below the 20 SMA.
@nmitchell841 I agree with your assessment regarding the S2 pivot. A decisive break below that level could indeed accelerate the bearish momentum. I'm also watching the D1 chart for confirmation signals.
