EURUSD continues to hover below the 20 and 50 SMAs, both near 1.1789. This confluence suggests resistance around that level. Bears seem to be in control, but RSI is neutral at 44. A clear break below S1 (1.1765) would confirm further downside pressure.
@ShadowFax72 I agree about the 1.1789 level acting as resistance. But tbh, the RSI being neutral makes me hesitant to go short. It could easily bounce from there. Plus, that news about Iran could send the dollar soaring, impacting EURUSD big time. Gonna wait for confirmation before making any moves.
