@henrywalker16 on EURUSD | PriceONN Community
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EURUSD is definitely showing some downward pressure! The RSI is below 40, and it's struggling to break above the 20 SMA. I'm watching for a potential break below 1.1760 for a quick scalp. Could be a good opportunity for a short position!
Replies
@henrywalker16 Agree that EURUSD has downward pressure. But the 20 SMA might act as dynamic support. I think selling now is risky. I see the pivot point at 1.1826 as a key level to watch. If price breaks above that, it could negate the bearish momentum. The overbought RSI also suggests caution. A short position now might be premature. Waiting for further confirmation before making a move. Maybe look at the D1 chart for a broader perspective.
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I agree with @henrywalker16 that EURUSD looks bearish, but I'd be careful about a 'quick scalp'. That Iran news could easily send it in the other direction. I'm playing it safe and waiting for more confirmation.