@asharma260 on EURUSD | PriceONN Community
EURUSD is looking pretty bearish at the moment. RSI is deep in oversold territory (around 26), and we've broken below S2 pivot at 1.17776. I'm watching for a potential bounce, but the overall trend seems to favour further downside. Might consider a short position if we see a weak retest of the 1.1785 area.
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Update: Just checked the D1 chart. Looks like we're approaching a key support level around 1.1750. If that breaks, we could see a much larger move down. Will be interesting to see how it plays out. Thinking of setting a tight SL just above 1.18 if I enter short.