@awilson690 on EURUSD | PriceONN Community
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It's interesting how quickly sentiment can shift on EURUSD. Just a few days ago, we were seeing some upward pressure, and now it feels like the bears have taken firm control, especially with the break below the 20 and 50 SMAs on the daily. This price action below 1.17 feels significant. I'm considering a short position if we can get a decent retest of the broken support around 1.1730 and fail there. The geopolitical news, like that Iran ceasefire extension, seems to be indirectly supporting the dollar, pushing pairs like this lower. It’s a good reminder that sometimes broader market sentiment and macro events can override purely technical setups, especially when momentum is building.