@clearskies610 on EURUSD | PriceONN Community

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clearskies610
EURUSD is currently bouncing off the 50 SMA on the H4 chart, but the overall structure still looks weak. I'm watching for a potential break below 1.1625. If that level fails to hold, we could see a quick move down to test the S1 pivot around 1.16244. RSI is still below 50, confirming the bearish momentum. A sustained break below the S1 would open the door for a retest of recent lows. I'm staying short below 1.1635.
EURUSD

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EURUSD 1.16140 +0.15%
GBPUSD 1.34239 +0.07%
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