@ashleythomas63 on EURUSD | PriceONN Community
Okay, so looking at EURUSD, it seems like we're in a confirmed downtrend. The price is below all the major SMAs (20, 50, and 200), which is a pretty bearish signal. I'm thinking it's likely to test the S2 pivot soon, and if it breaks that, we could see it heading even lower. I'm considering opening a short position, but I'm waiting for a little more confirmation. Maybe a retest of the 20 SMA or a stronger RSI signal. What do you guys think? Any thoughts on potential TP levels?