@CosmicRay14 on EURUSD | PriceONN Community

Actually, re-evaluating the Bollinger Bands, the price has touched the lower band and is starting to pull back slightly. This could indicate a temporary pause or even a short-covering rally before resuming the downtrend. It's tricky to call with the dollar's resilience despite the oil news. Keeping my SL tight if I were to take a short here.

Hey @CosmicRay14, I see you're watching that S2 pivot. It's definitely a key level to keep an eye on. The bearish momentum has been strong lately, and the 200 SMA is indeed acting as resistance. However, like you noted in your update, hitting the lower Bollinger Band can sometimes signal a short-term reversal or at least a pause. I'm also looking at the RSI being near 43; it's not oversold or overbought, which means we could still see further movement in either direction. For me, the real confirmation will be a clear break above the S1 pivot at 1.15064, and ideally, a sustained move back above the 20 SMA around 1.15239. Until then, I'm staying cautious and waiting for clearer signals. The current price action around 1.15100 is a bit choppy, typical for this session overlap, but let's see if smart money makes a decisive move soon.