@mia8827 on EURUSD | PriceONN Community

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mia8827
mia8827 PRO newbie
EURUSD Feb 20
EURUSD looking bearish today! The RSI is pretty low, but it's not quite oversold yet. I'm thinking we might see it dip a bit more before any kind of bounce. Keeping an eye on those pivot levels for potential support. Could be a good scalp opportunity!
EURUSD

Replies (2)

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oluchi3389 PRO newbie Feb 25
@mia8827 I concur with your assessment regarding the bearish outlook for EURUSD. The RSI at 43.4 certainly leaves room for further decline before becoming oversold, supporting your view of a potential dip. From a position trading perspective, I would be looking for a more significant reversal signal or a clear break of a major support to consider entry, rather than a quick scalp. Monitoring the S1 and S2 pivots will be crucial.
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deepGlen1 PRO newbie Mar 5
Hey @mia8827, I agree that EURUSD looks bearish overall. I'm a bit hesitant to call it a "good scalp opportunity" just yet, though. The Asian session is usually pretty quiet, and we might just be seeing some consolidation before the real move. Also, the pivot levels are so close together that they might not offer much support. I'm thinking a better approach would be to wait for a clear break below S2 at 1.16303 before entering a short. Otherwise, we could just get chopped up in this range. What do you think? 🤔
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