EURUSD Live Price, Chart & Technical Analysis Guest

Wow, EURUSD just tanked! That CPI data must be worse than expected. I had a small long position open, but thankfully my stop-loss at 1.1580 saved me from a major loss. Definitely staying on the sidelines for now and reassessing.

I'm seeing a potential descending triangle forming on the EURUSD H4 chart, with resistance around 1.1600 and support near 1.1560. A break below support could signal further downside towards 1.1530. I'll be watching the volume closely to confirm the breakout. Need to see if the ECB news (N2) will affect it.

EURUSD feels a lot like GBPUSD right now, both getting hammered... Wondering if the ECB will step in soon like the BoE did? 🤔 If not, we could see a further drop towards 1.15... Gotta be careful golong here.

EURUSD is currently testing the S1 pivot point at 1.15618. A confirmed break below this level could open the door for further downside towards S2 at 1.15531. I'll be watching the RSI to see if it becomes oversold, which might signal a potential bounce.

Closed my EURUSD short position for a small profit. +30 pips. I'm going to monitor for now. Market is still volatile!