@ChideraN6 on EURUSD | PriceONN Community
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EURUSD is looking bearish, guys! RSI below 50 and price action is below the 20, 50, and 200 SMAs. I'm anticipating a further drop, possibly testing S2 soon. Time to short maybe?
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@ChideraN6 Agree, the SMAs confirm the bearish bias. A short position looks reasonable, but manage risk carefully. S2 is a good target.
Bearish, eh @ChideraN6? I see what you're saying, all those SMAs lining up above. But that S2 pivot seems like a pretty strong support level. Might be a decent place to take profit if you're already shorting, or even think about a cheeky long if it bounces hard from there. Just a thought!