@danielaquino92 on EURUSD | PriceONN Community
Market sentiment is quite bearish at the moment! EURUSD continues its downward trajectory, and the RSI is clearly in oversold territory. However, be cautious of potential fakeouts! A strong bounce could be in the cards. Keep your eyes peeled for any reversal patterns forming. We might see a correction soon!
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Update: The price is currently hovering around 1.1580. I anticipate a further drop toward S1 pivot level at 1.15542 before any substantial rebound. It's crucial to monitor the price action near these support levels closely. A break below S1 could signal further downside. Always use appropriate stop losses!