@AbimbolaRunner on EURUSD | PriceONN Community

@AbimbolaRunner While I see the bearish pressure you're talking about, I think the RSI at 55.7 (not 43.7) indicates a more neutral stance, at least for now. Plus, the 20 SMA is acting as dynamic support currently. I'm not sure about targeting 1.1770-1.1765, that seems a bit ambitious considering the current consolidation. It's more likely to bounce off the pivot point around 1.1626. I'd be cautious about aggressively shorting EURUSD at these levels without more confirmation. Maybe wait for a clear break below S1 before entering short. Just my 2 cents.