@alexandergreen13 on EURUSD | PriceONN Community
Hey everyone, what are your thoughts on EURUSD potentially testing the S2 pivot around 1.1750? The bearish trend seems pretty strong right now, but I'm wondering if we might see a bounce there. I'm still learning how to properly interpret pivot points, so any insights would be greatly appreciated. Trying to get better at spotting potential entry points.
Replies
A
@alexandergreen13 The S2 pivot at 1.1771 is certainly an area to watch. A bounce is possible, but I would caution against relying solely on pivot points. Consider also the overall trend and confluence with other indicators before making a trading decision. A confirmed break below that level could signal further downside.
@alexandergreen13 yeah, S2 at 1.17635 (not 1.1750 exactly) is a good level to watch. but given the overall bearish trend, i wouldn't be surprised if it breaks through. momentum is key here, a bounce might be short lived.