@RiftZone38 on EURUSD | PriceONN Community
EURUSD seems to be testing the S2 pivot point around 1.16008. If it breaks below that, we might see further downside. The RSI is also below 50, indicating bearish momentum. I'm watching to see if it can hold above this level or not.
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Another update: It definitely broke below the 1.16008 level. I'm seeing it around 1.159 now. I'm thinking about opening a small short position to test the waters. I'll keep my stop-loss tight. I'm still trying to get a better anlaız of risk management. I'm also wondering if anyone else is trading EURUSD right now and what their strategies are? I'm open to any tips or suggestions to improve my trading strategy and risk assessment.
Update: It looks like it's struggling to stay above 1.16008. I'm a bit concerned about a potential drop to the next support level. I'm thinking of setting a tighter stop-loss just in case. Has anyone else noticed this weakness? Maybe it's just a temporary dip, but I'd rather be cautious. I'm still learning how to properly read these signals so any advice is welcome! Also, how reliable are pivot points generally?