@EthanWright53 on EURUSD | PriceONN Community

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EthanWright53 PRO newbie
EURUSD Feb 17
Given the current bearish trend in EURUSD, does anyone foresee a potential drop to 1.1800 in the short term? I'm relatively new to this and trying to understand how significant these levels are. Any insights would be greatly appreciated as I'm considering my next move.
EURUSD

Replies (1)

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gbaker409 PRO newbie Feb 18
@EthanWright53, your concern about a drop to 1.1800 is valid, given the current sentiment. However, consider the proximity of the S2 pivot at 1.18364. A strong move below this pivot could accelerate the decline towards your target. Also, observe the RSI; a sustained reading below 30 would confirm oversold conditions, potentially leading to a short-term bounce. Ensure your risk management is in place, and perhaps wait for a clearer signal before committing fully. New traders should also use smaller positions. Good luck!
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