@PriyaSharma on EURUSD | PriceONN Community

I'm considering a short position on EURUSD based on the current technical setup. The SMA 20, 50, and 200 are all trending downwards, indicating a strong bearish bias. My entry would be around 1.1815, with a stop loss at 1.1835 (just above the SMA 20). My initial target profit (TP) is at 1.1780, aligning with a potential support level. I'll monitor the RSI closely for any signs of a possible reversal, but the overall trend looks quite compelling for a short trade. Risk management is key, of course; I'll adjust my stop loss as needed based on price action. This is just a potential plan, need to see how it unfolds!