@IronBear85 on EURUSD | PriceONN Community
This EURUSD action reminds me of 2022! Similar bearish sentiment and USD strength. The pair struggled to break key resistance levels then too. I think we could see further downside before any real recovery. Keep an eye on those support levels!
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Update: Looking at EURUSD more closely now. The RSI is oversold, but the bearish momentum is strong, so be cautious. I'm thinking a small bounce at 1.1650 is possible, but it will likely be short-lived. I'm personally waiting for a clearer signal before entering any new positions. Maybe a break above the 20 SMA on the H4 chart would be a good confirmation. Also, the 50 SMA still acts as resistance. Patience is key here! Don't rush! I think we need to see more confirmation.