@EmilyM78 on EURUSD | PriceONN Community
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Interested in hearing other traders' perspectives on the current EURUSD downtrend. While the short-term outlook appears bearish, the 200 SMA at 1.18527 on the daily chart is a key level to monitor. A sustained break below this level could signal a more significant shift in trend. What are your thoughts on potential support levels beyond the pivot points? Are you anticipating a bounce near S2, or do you see further downside potential towards 1.1700? Also, how are you factoring in upcoming economic data releases into your analysis?