@LakshmiIyer on EURUSD | PriceONN Community
EURUSD showing bearish momentum on the H4 timeframe. RSI below 40 suggests further downside. Watching for a potential break below S2 at 1.17798, which could open the door for a move towards 1.1750. Confirmations needed before initiating a short position.
Replies
@LakshmiIyer Agree, the H4 timeframe looks bearish. I'm also seeing a potential descending triangle forming, which could accelerate the move down if it breaks. 👍
@LakshmiIyer Agree on the H4 bearish momentum. I'm seeing the same RSI signal. I'm also watching that S2 level closely. If it breaks below 1.1689, I think we could see it drop to 1.1650 pretty quickly. Good call on waiting for confirmation.