@sakshisinha57 on EURUSD | PriceONN Community
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EURUSD showing persistent bearish momentum. The price is currently testing S1 at 1.17838. A confirmed break below this level could open the door for a further decline towards S2 at 1.17798. Monitoring price action closely for potential shorting opportunities.
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Update: EURUSD broke below S1. Looking for a retest of this level as resistance before entering a short position. SL will be placed above the 20 SMA.
@sakshisinha57 I agree that a break below S1 could signal further downside, but I'd want to see confirmation from other indicators before entering a short position. A false break could easily lead to a whipsaw.