@mehwishriaz73 on EURUSD | PriceONN Community
M
A potential short position in EURUSD may present an opportunity. The price is currently below the 20, 50, and 200 SMAs, indicating a bearish trend. Furthermore, the RSI(14) at 31.9 suggests the pair is nearing oversold conditions, but could still decline further before any significant retracement. A cautious approach with a tight stop-loss is advised.