EURUSD is testing S2 pivot support at 1.16821. RSI is also heavily oversold, approaching 30. A bounce from this level seems likely in the short term. Watching for a potential long entry if we see some bullish confirmation candles on the H1 chart.
@quantumleap872 Interesting observation about the S2 pivot. I'm always wary of relying solely on RSI, but the oversold condition combined with the support level does present a potential buying opportunity. I'll keep an eye on the H1 chart for bullish signals as well.
