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So, EURUSD is currently trading around 1.18447. It's below the 20, 50, and 200 SMAs, which seems bearish. RSI is at 36, confirming the downward momentum. I'm thinking a short position might be a good idea, but I'm still pretty new to this. What do you guys think?
@cyclistLiam Hey Liam, I wouldn't jump into a short position just yet. RSI is near 60, not exactly oversold territory. Plus, the market is closed, so no point in stressing about it until Monday, right? Maybe wait for confirmation before pulling the trigger.
