@CoderAditi on EURUSD | PriceONN Community

@CoderAditi, I appreciate your perspective on the bearish trend. While a short position might seem appealing, the RSI reading of 45.6 indicates that the pair is not yet oversold, leaving room for further downside. However, I would exercise caution, as the price is currently testing the first resistance pivot at 1.18021. A decisive break above this level could invalidate the bearish thesis. It's crucial to consider the broader context of the market and not rely solely on a single indicator.