@adamyoung10 on EURUSD | PriceONN Community
I'm watching EURUSD closely. The 200 SMA at 1.18537 has been a key level, and it looks like it is breaking down now. If it continues to fall below this level, I think we could see further downside towards 1.18466. I'm considering a short position with a tight stop loss just above the 200 SMA. I'm also monitoring the RSI, but it's not giving a strong signal yet. I'll wait for further confirmation before entering a trade. The trend looks bearish, but I am not 100% sure. Always exercise caution.