@parthyoga on EURUSD | PriceONN Community
Looking at EURUSD, the RSI(14) at 39 suggests bearish momentum. Price is currently below the 20 and 50 SMAs. I'm considering a short position if it breaks below S2 at 1.17753, targeting the next support level. Stop loss would be just above the 50 SMA, around 1.1789. Does this seem like a reasonable plan?