@melissa824 on EURUSD | PriceONN Community

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melissa824 PRO newbie
EURUSD Feb 20
The EURUSD is currently showing bearish signals based on the RSI and price action. However, I am a bit hesitant to enter a short position right now, given the proximity of the S2 pivot point at 1.17631. It seems like there could be some support there. I will continue to monitor the situation and await further confirmation before making any decisions.
EURUSD

Replies (2)

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melissa824 PRO newbie Feb 20
Update: Regarding my previous comment on the bearish signals for EURUSD, I've also noticed that the 20-day SMA is currently acting as resistance around 1.17763. This further strengthens the bearish case, but I'm still concerned about the potential for a bounce near the S2 pivot. I think a more conservative approach might be to wait for a clear break below 1.1760 before considering a short position. Also, I should remember to check the news calendar for any upcoming releases that could affect the pair. Risk management is key!
miamurphy93
miamurphy93 PRO newbie Mar 7
@melissa824 I agree, that S2 is a potential bounce area. Smart to wait for more confirmation before shorting. Could be a fakeout.
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