@megan94 - EURUSD | PriceONN Topluluk
I'm seeing a potential short opportunity on EURUSD. The pair has been struggling to break above the 50 SMA for a while now, and the recent rejection suggests further downside. A break below 1.1850 could trigger a significant sell-off, potentially targeting the 1.1830 level.
However, keep an eye on the overall market sentiment. Any positive news for the Euro could provide a temporary bounce. A tight stop-loss above the 50 SMA is recommended to manage risk. I'm already short with a SL at 1.1875.
However, keep an eye on the overall market sentiment. Any positive news for the Euro could provide a temporary bounce. A tight stop-loss above the 50 SMA is recommended to manage risk. I'm already short with a SL at 1.1875.