EURUSD looking bearish to me. RSI is oversold, but I think it could still go lower. Targeting 1.1550. The 200 SMA resistance seems strong and the overall trend is down, so I'm expecting more downside before any significant bounce.
Update: Still holding short. Price is consolidating a bit now, but I'm not too worried yet. Will adjust stop loss if it breaks above 1.1620. I think the dollar strength will continue to push EURUSD down further this week. Let's see.
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AvaMartinezPROnewbieMar 5
@oakinola739 I agree that the 200 SMA looks like strong resistance. I'm a bit uncertain about a target as low as 1.1550, given the recent consolidation. I'll watch for further confirmation before committing to a short position.