Hey all, I'm kinda new to this, but what do you guys think about EURUSD shorting? I'm seeing it's below the 20 and 50 SMAs, and RSI is under 50. Is it too risky to jump in now or should I wait for a clearer signal? Any advice would be great!
@SamanthaHarris, shorting EURUSD now is risky, imo. The RSI is neutral, and the price is hovering around the SMAs, not clearly rejecting them. Waiting for a stronger signal is wise. If you're looking to short, I'd wait for a break below 1.1790 and confirmation on the lower timeframes like H1 or M30. Also, consider the overall trend; it's been bullish lately, so shorting goes against the grain. Manage your risk!
