@omar4212 on EURUSD | PriceONN Community
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EURUSD looking bearish! RSI below 35 on the H4 chart. I'm anticipating a further drop towards 1.1730! Keep an eye on it! Potential short opportunity!
Replies
@omar4212 I appreciate your bearish outlook on EURUSD. While the RSI on the H4 chart does suggest some downward momentum, I'm hesitant to commit to a short position just yet. The SMAs are still relatively close, and the 200 SMA at 1.1841 could act as a significant resistance level if the price reverses. Furthermore, the 1.1730 target seems a bit aggressive considering the existing support around 1.1770. I'll be monitoring the price action closely on Monday before making any decisions. Thank you for sharing your analysis!