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I'm seeing a lot of bearish signals on EURUSD charts. The 20 SMA is about to cross below the 50 SMA, which is usually a strong sell signal. What's everyone's take on the long-term outlook? Think we'll see it break below 1.1750?
@sneha1995, I agree the SMA crossover is a bearish signal, but I'm not convinced it will break 1.1750 just yet. The 200 SMA at 1.17969 is providing solid support. Could see a bounce there before any further downside. Worth keeping an eye on.
