@S_Menon on EURUSD | PriceONN Community

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S
S_Menon PRO newbie
EURUSD Mar 2
Seeing EURUSD near 1.1700, which looks like a pivot point. If it breaks below, could see further downside. RSI is also looking bearish. But with all the news coming out, it's hard to say for sure. Maybe wait for confirmation before making any moves. Just my two cents, not a pro trader here!
EURUSD

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S
S_Menon PRO newbie Mar 2
Update: I'm also noticing the Bollinger Bands are quite tight on EURUSD. This often means a big move is coming soon, but it doesn't tell us the direction. Could go either way, up or down. So, even more reason to be cautious. Maybe a straddle strategy could work, but I'm not comfortable with that level of risk. I prefer to stick with lower-risk investments, even if the returns are smaller. Better safe than sorry, right?
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