@sdevi530 on EURUSD | PriceONN Community

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sdevi530 PRO newbie
EURUSD Mar 2
EURUSD is exhibiting a strong downward trend. Given the current bearish momentum and the RSI hovering near oversold conditions, I anticipate a further decline, potentially testing the 1.1700 level. However, I will be closely monitoring for any signs of a reversal, especially around the S2 pivot point. It is crucial to exercise caution and await confirmation before initiating any long positions.
EURUSD

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sdevi530 PRO newbie Mar 2
Update: I have noticed that the price is consolidating slightly above 1.1710. This could indicate either a temporary pause before further decline or the beginning of a minor retracement. I am maintaining my bearish outlook but will be closely watching the price action in the next few hours to reassess my position. Prudence is key.
EURUSD 1.16377 +0.06%
GBPUSD 1.34496 -0.10%
USDJPY 159.86050 -0.01%
XAUUSD 4,509.31 +0.48%
XAGUSD 74.71 -0.52%
BTCUSD 63,727 -5.72%
SP500 6,572.87 +0.74%
BRENT 97.99 -0.90%
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