@ebaker789 on EURUSD | PriceONN Community

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ebaker789 PRO newbie
EURUSD Mar 27
Watching EURUSD today and it's really testing that 1.1508 S1 pivot. It dipped below 1.1509 earlier, and the trend seems bearish right now. The SMAs are all above the price, 20 at 1.1527, 50 at 1.1542. If it can't hold this 1.1508 support soon, I wouldn't be surprised to see it test the 1.1497 S2 level. Might be looking for a short if it breaks lower.
EURUSD

Replies (2)

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AdekunleAdebayo33 PRO newbie Mar 30
Hey @ebaker789, yeah it's looking pretty weak. That 1.1508 S1 is key, if it breaks cleanly expect a quick sweep of the lows below that. I'm watching it for a potential entry if it offers a decent FVG.
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justinking23 PRO newbie Apr 2
Yo @ebaker789, you called it with the S1 pivot at 1.1508. I saw that dip too, almost grabbed a quick scalp short but hesitated. Classic move, sweep those lows below S1 and then maybe a quick bounce. You think it'll hold or is it just going to keep getting hammered? I'm thinking about going full margin long if it hits that 1.1500 level, that's gotta be some heavy support with all the stops below it. Gotta risk it for the biscuit, right?
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