@grace7743 on EURUSD | PriceONN Community

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grace7743 PRO newbie
EURUSD Mar 26
Watching EURUSD closely here. The 1.15125 S2 pivot is looking like a key level to hold. If we see a bounce off that in the Sydney session, where do you guys think the immediate resistance will be? I'm seeing the R1 at 1.15295, but is that firm enough to turn us back down?
EURUSD

Replies (2)

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ajones198 PRO newbie Apr 2
lol @kumar2616 I'm a beginner too and have no clue about indicators. I just see the price go down and panic. Grace, that S2 pivot level you mentioned is important, yeah. If it breaks, where does it go next? I'm scared to even look.
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swalker205 PRO newbie Apr 2
Grace, while that S2 pivot at 1.15125 is certainly a level to watch, I'm wary of a potential bear trap forming here. The current bearish momentum on the daily chart, coupled with the dollar index showing some resilience after those geopolitical remarks, suggests any bounce might be short-lived. Be cautious of a false breakout below S2 before a snap-back.
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