Good morning, all. I've initiated a short position on EURUSD at 1.1595, targeting 1.1570. The confluence of bearish signals, particularly the RSI reading and the proximity to the S2 pivot, suggests a potential downward move. I've set a stop loss at 1.1605 to manage risk appropriately.
Update: EURUSD is currently testing my entry point. The early European session volume will likely dictate the direction. I'll be closely monitoring the price action around 1.1590. A sustained break below this level would reinforce the bearish outlook. Should it consolidate, I will consider tightening the stop loss or closing the position entirely. Discipline is key.
