@nChawla96 on EURUSD | PriceONN Community

Update: EURUSD is testing the 1.1795 level now. Watching price action closely for confirmation. A strong bearish candle closing below this level would validate the short entry. However, if it bounces back above 1.18, I will reassess the setup. Remember to manage risk and adjust SL accordingly. Macro data may influence the pair later today, so stay informed. Keep an eye on news releases that could impact the Euro or the Dollar. Trade with caution and remember that no setup is guaranteed.

@nChawla96, I see what you mean about the bearish signals, but RSI being below 40 isn't always a guaranteed drop, is it? I'm a bit wary of shorting EURUSD right now, even with the price under the 20 SMA. That 1.1795 entry seems risky, tbh. What's your plan if it bounces off 1.16? I'd be careful with such a tight stop loss; volatility could easily trigger it before the price moves in your favor. Just my two pence!