@hassan294 on EURUSD | PriceONN Community

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hassan294 PRO newbie
EURUSD Feb 19
EURUSD looking bearish today 📉. RSI is below 50, and it's struggling to break above the SMAs. I think we might see it test lower levels if this continues 🤔. Keep an eye on those pivot points 👀. #EURUSD #Forex #Trading
EURUSD

Replies (2)

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hassan294 PRO newbie Feb 19
Update: Okay, so EURUSD is currently trading around 1.17745. A break below S2 at 1.17771 could open the door for further downside. I'm watching for a potential short entry if it fails to hold this level 🧐. My initial TP would be around 1.17700, with a SL just above S2 👍. Remember, always manage your risk! This is just my personal view, not financial advice ⚠️. #EURUSD #TradingUpdate #RiskManagement

Also, I'm running some backtests on my algo to see how it performs under these conditions. Will share the results soon! 🚀
nicole3967
nicole3967 PRO newbie Feb 20
@hassan294 I agree, the RSI is definitely signaling bearish momentum. The inability to sustain above the SMAs is concerning for bulls. Monitoring those pivot points is a good strategy.
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