@harryjones37 on EURUSD | PriceONN Community

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harryjones37 PRO newbie
EURUSD Mar 2
Given the current bearish trend and the price action around 1.1789, I'm cautiously predicting a further downside movement for EURUSD in the short term. The pair is trading below the 20 and 50 SMAs, suggesting continued selling pressure. A break below S1 at 1.17811 could open the door for a test of S2 at 1.17743. However, I'll be monitoring the RSI to see if it enters oversold territory, which might signal a potential bounce.
EURUSD

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