@ayeshaali on EURUSD | PriceONN Community

I've been observing EURUSD's behavior around the pivot points, and it's interesting to note that it's currently testing S2 at 1.17684. Given the bearish momentum, a break below this level could open the door for further downside towards the next support level. However, I'm also considering the possibility of a false breakout, considering the oversold RSI. What are your thoughts on the validity of these pivot points in the current market conditions? Do you find them reliable indicators for potential support and resistance levels, or are other factors playing a more significant role right now? I'm particularly interested in hearing opinions on how news events might influence these levels.