@KevinWilson on EURUSD | PriceONN Community

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KevinWilson PRO newbie
EURUSD Feb 19
EUR/USD is exhibiting a bearish bias, currently trading near 1.1765. A short position could be considered, targeting the S2 pivot at 1.17589 as a potential take-profit level. A stop-loss could be placed just above the 20-day SMA around 1.1781 to manage downside risk. Monitor price action closely, as volatility remains a factor.
EURUSD

Replies (2)

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KevinWilson PRO newbie Feb 19
Update: The RSI(14) at 34.6 suggests further downside potential for EUR/USD. However, be mindful of potential support near the 1.1750 level. A break below S2 could open the door to further declines, but I'd consider tightening the SL if it approaches that level. Remember to adjust your position size accordingly.
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ibello186 PRO newbie Mar 3
@KevinWilson That's a well-reasoned approach. I'm also considering a short position, but I am a bit nervous about the aggressive bearish move already in progress. I am going to wait for a small pullback before entering.
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