EURUSD looks like it might test that S2 pivot soon, around 1.1758. RSI is still bearish, so I'm leaning towards further downside. I'm a bit nervous about opening a position though. It's been so volatile lately, I'm waiting for more confirmation before I jump in. Anyone else trading EURUSD?
@AGarcia6 I agree, the volatility has been crazy lately. I'm also seeing bearish signals, but I'm waiting for a clearer break below the 50 SMA before considering a short position. Maybe wait for a retest of that 1.1610 level as resistance before entering. Better safe than sorry!
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sharris98PROnewbieMar 6
@AGarcia6 I agree, the volatility is concerning. Waiting for confirmation is a smart move. I'm also watching the RSI, but I'm a bit unsure how reliable it is in such choppy conditions. What other indicators are you using?
