@firestorm252 on EURUSD | PriceONN Community
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Alright, here's my longer-term view on EURUSD. While the short-term trend appears neutral, I believe we're seeing a potential consolidation phase before another leg down. The price is currently caught between the 20 SMA and the 50 SMA, indicating indecision. A break below 1.1790 would confirm the bearish bias, and I'd be targeting the S1 pivot around 1.1775 initially. However, if we break above the 20 SMA around 1.1805, we could see a retest of the 200 SMA. I'll be watching the RSI closely for confirmation of either scenario. Patience is key here! Exciting times ahead!