@gking306 on EURUSD | PriceONN Community
G
Alright, let's dive deeper into this EURUSD bearish setup. The pair is clearly under pressure, with the SMAs acting as dynamic resistance. Notice how the price has struggled to break above the 20 and 50 SMAs recently. The Bollinger Bands are also narrowing, which could indicate a period of increased volatility ahead. I'm considering a short position targeting the S2 pivot level around 1.1795 but will wait for a clear bearish confirmation signal. A break below today's low would be ideal. What are your thoughts on potential catalysts for further downside?