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EURUSD still looking bearish to me! SMA 20 and 50 acting as resistance. Anyone else seeing potential for a short position if it stays below 1.187? What are your thoughts on the overall trend for the next few days? I'm thinking of setting a tight SL just above the 50 SMA.
Update: I'm watching the RSI closely. If it breaks below 40, that could be a good confirmation for a short. Also, the D1 chart is showing a pretty clear downtrend tbh. I'm aiming for S1 as my initial TP, maybe even S2 if the momentum continues. What do you guys think about these levels?