@aisha99 on EURUSD | PriceONN Community
My analysis indicates that EURUSD is currently testing a key support level around 1.1785, coinciding with S2. A decisive break below this level could trigger further downside movement. Conversely, failure to break this support may lead to a short-term bounce. Prudent traders should await confirmation before initiating positions.
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@aisha99 Thanks for the insight! I see what you mean about the 1.1785 support. What kind of confirmation would you typically look for there before taking a trade?
@aisha99 Thanks for the analysis! I'm still learning the ropes, so trying to understand the support levels better. When you say "decisive break below," how many pips below 1.1785 are we talking? And what kind of confirmation are you looking for before considering a short position on EURUSD? Is it just price action, or do you look at other indicators too? I'm wondering about the bounce you mentioned, what would invalidate that bounce scenario? Thanks for any insight! 🙏