@lwhite532 on EURUSD | PriceONN Community

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lwhite532
lwhite532 PRO newbie
EURUSD Feb 19
EURUSD has been struggling to find direction lately. The bearish trend is pretty clear, confirmed by the RSI below 50 and price action below all major SMAs. I'm anticipating a potential test of the S2 pivot around 1.17503, but watch for volatility; it could easily bounce back up before then. Patience is key here.
EURUSD

Replies (1)

B
brian4186 PRO newbie Feb 27
@lwhite532 I agree, that bearish trend looks pretty solid. But I'm wondering if the market is just waiting for some news to drop before making a real move. I'm thinking about setting a tight SL around 1.1820 and riding it down if it breaks. Thoughts?
EURUSD 1.16112 -0.17%
GBPUSD 1.34318 -0.23%
USDJPY 159.87150 +0.00%
XAUUSD 4,462.00 -0.57%
XAGUSD 73.32 -2.37%
BTCUSD 63,472 -6.09%
SP500 6,572.87 +0.74%
BRENT 99.75 +0.88%
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