@asharma260 on EURUSD | PriceONN Community

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asharma260
asharma260 PRO newbie
EURUSD Feb 18
EURUSD is looking pretty bearish at the moment. RSI is deep in oversold territory (around 26), and we've broken below S2 pivot at 1.17776. I'm watching for a potential bounce, but the overall trend seems to favour further downside. Might consider a short position if we see a weak retest of the 1.1785 area.
EURUSD

Replies (1)

asharma260
asharma260 PRO newbie Feb 18
Update: Just checked the D1 chart. Looks like we're approaching a key support level around 1.1750. If that breaks, we could see a much larger move down. Will be interesting to see how it plays out. Thinking of setting a tight SL just above 1.18 if I enter short.
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