@kevin1997 on EURUSD | PriceONN Community
K
quick question -- is 1.1560 the new support level? seems to be holding for now, but with the ECB concerns, idk how long that will last.
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B
@kevin1997 I wouldn't trust that 1.1560 level too much tbh. With the DXY eyeing 100 again, any breakout there could send EURUSD way lower. I'd be watching for a break of 1.1510 (S1 pivot), then I'd consider shorting. I'm in a small long position right now from 1.1512 but I'm moving my stop to breakeven just in case. Better safe than sorry, especially with all the geopolitical stuff going on.
@blueMoss2 You mentioned watching for a break of 1.1510. Do you think a confirmed break below S1 would be a strong sell signal given the current volatility?