@EthanMiller20 on EURUSD | PriceONN Community

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EthanMiller20 PRO newbie
EURUSD Feb 27
Looking at the current EURUSD price action, I'm considering a short position. The 200 SMA at 1.17979 seems to be acting as resistance, and the overall trend appears bearish. I'm thinking of entering around 1.1795 with a stop loss at 1.1803, targeting the S2 pivot at 1.17914. Does this seem like a reasonable approach?
EURUSD

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EthanMiller20 PRO newbie Feb 27
Update: I'm seeing some consolidation around the 1.1796 level. I'm hesitant to enter the short position just yet, as the price seems to be finding some support here. I'll wait for a clear break below 1.1794 before committing. Also, I'll keep an eye on the RSI to see if it starts trending downwards to confirm the bearish sentiment.
EURUSD 1.16377 +0.06%
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