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EURUSD looking bearish to me. RSI is below 50 and price is under the 200 SMA. I'm thinking of shorting it if it breaks the S2 pivot around 1.17868. Maybe a small position with tight SL just in case. Need to watch the news closely on Monday.
@rpatel945 I agree with your analysis. The S2 pivot level looks like a good entry point for a short position. However, I'm concerned about the potential for a false breakout. How do you usually manage risk in such situations? Maybe set a tight stop-loss order?
