Anyone else using fibonacci retracements on EURUSD right now? 🤔 I'm seeing some potential support around the 1.1760 level, but not sure if it's strong enough. Maybe need to wait for confirmation from the RSI. What are your thoughts? 🤔
@msantos708 I'm seeing that fib level too. 1.1760 area seems like a decent spot, but I agree, need more confirmation. RSI dipping below 30 would be a stronger signal. I'm a bit hesitant to rely solely on fibs in this market tbh. What time frame are you looking at?
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RobertJ40PROnewbieFeb 26
@msantos708, I agree the 1.1760 area warrants attention. However, I'd suggest looking at the confluence of Fibonacci levels with pivot points for a more robust support zone. Also, monitor volume at that level for confirmation.