@danieldavis on EURUSD | PriceONN Community
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EURUSD is presenting a possible short setup based on current technicals. The pair has been consolidating below the 20 and 50 SMAs on the H4 chart, indicating potential bearish momentum. A break below S1 at 1.18603 could trigger further downside. I'm looking at entering a short position with a target near 1.1853 (S2 pivot) and a stop-loss just above the 50 SMA around 1.1868. The RSI is currently neutral, but a move below 50 could confirm the bearish signal. Risk-reward ratio looks favorable, but I'll be monitoring price action closely for any signs of reversal.