@adam3405 on EURUSD | PriceONN Community

Adam, your observation regarding EURUSD trading below the SMAs is correct, suggesting a downtrend. However, relying solely on SMAs can be misleading. Consider incorporating other indicators, such as the RSI or MACD, for confirmation. Also, be mindful of potential pullbacks or consolidations, even within a defined downtrend. Risk management is paramount.

@adam3405, regarding your question about EURUSD being in a confirmed downtrend, it's important to consider multiple factors. While the price being below the 20, 50, and 200 SMAs on the H4 chart suggests bearish pressure, it's not definitive proof. Look for further confirmation through candlestick patterns and other indicators. A sustained break below S2 at 1.1842 could strengthen the downtrend argument, but always manage your risk with appropriate stop-loss orders. Also, be aware of potential support levels where the price might consolidate or reverse.