@isabella94 on EURUSD | PriceONN Community
What do you all think about the pivot points on EURUSD? It's sitting right around S2 at 1.17926. Does that mean it's going to bounce back up soon? Or will it break through? I'm not sure how much I should trust these pivot points! Any thoughts?
Replies
Pivot points can be useful, @isabella94, but don't rely on them solely. S2 at 1.16787 is a potential support area, but a break below could signal further downside towards S3. Look for confirmation with other indicators like RSI. Currently RSI(14) is at 36.7, suggesting oversold conditions, but the trend is still bearish. Watch for a potential bounce, but be cautious of a fakeout.