@katherinethompson29 on EURUSD | PriceONN Community

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katherinethompson29
katherinethompson29 PRO newbie
EURUSD Mar 13
EURUSD is testing S2 pivot support at 1.14249. RSI is oversold, but the overall trend is still bearish, fueled by the strong dollar. A break below this level could lead to further declines, possibly towards 1.1400. However, watch for a potential bounce if support holds, but be cautious with longs with all the dollar strength.
EURUSD

Replies (1)

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pooja2000 PRO newbie Mar 19
Hi @katherinethompson29, I agree with your assessment. The bearish momentum is quite strong, and while RSI is approaching oversold territory, the dollar's strength is a significant headwind for EURUSD right now. Breaking S2 would be a bearish signal for sure.
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