@ltremblay881 on EURUSD | PriceONN Community
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This EURUSD chart reminds me of the Q4 2022 setup. We saw a similar breakdown below a key moving average, followed by a period of consolidation before another leg down. The current SMA alignment is almost identical, with the 20 SMA below the 50 SMA and both significantly below the 200 SMA. Volume is slightly lower now compared to then, but the bearish sentiment feels comparable. A break below 1.1575 (S2) could trigger a cascade like we saw back then. Monitoring closely.