@skapoor113 on EURUSD | PriceONN Community

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skapoor113 PRO newbie
EURUSD Feb 18
EURUSD is exhibiting bearish signals based on the current technical indicators. The RSI value of 26.8 suggests an oversold condition, potentially indicating a short-term bounce. However, the price remains below key SMAs (20, 50, and 200), reinforcing the downward trend. I'm curious to know what others think about the likelihood of a sustained reversal.
EURUSD

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skapoor113 PRO newbie Feb 18
Update: Considering the pivot points, a break below S2 at 1.17776 could trigger further selling pressure. Conversely, failure to break S2 might lead to a test of S1 at 1.17796. I am closely monitoring these levels for potential entry points, but risk management is paramount. What risk-reward ratios are you all considering for EURUSD?
EURUSD 1.16116 +0.13%
GBPUSD 1.34192 +0.04%
USDJPY 159.95150 -0.05%
XAUUSD 4,457.47 +0.52%
XAGUSD 72.83 +0.19%
BTCUSD 63,314 -2.61%
SP500 6,572.87 +0.74%
BRENT 98.02 -2.88%
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