@avajackson74 on EURUSD | PriceONN Community
EURUSD is currently testing the 200-day SMA around 1.1795. Given the bearish trend and the RSI below 50, I anticipate a further decline towards S1 at 1.1762. A break below that could signal a move towards S2 at 1.1747. I'll be watching for confirmation of this move during the London session.
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Update: I've set a tight stop loss at 1.1805, just above the 20-day SMA, to protect against any unexpected upward movement. I'm also considering the potential impact of the recent geopolitical news – safe haven currencies might gain strength, putting further pressure on the EURUSD.