@wiselake on EURUSD | PriceONN Community
The current consolidation around the 1.1840 level is interesting given the broader macroeconomic context. While the RSI is neutral, the proximity to the 20 and 50 period SMAs suggests a potential inflection point. A decisive break below S1 at 1.18278 could signal further downside momentum, targeting S2. Conversely, sustained price action above the 200 SMA at 1.18634 would invalidate the bearish outlook.