@usman1493 on EURUSD | PriceONN Community
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EURUSD is definitely showing bearish momentum right now. The price action is below the 20 and 50 SMAs on the H4 chart, which is a negative signal. I'm curious to hear what others are seeing. Are you guys anticipating further downside, or do you think we'll see a reversal soon? I'm trying to gauge the overall sentiment here.
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Update: Looking at the D1 chart, the downtrend seems pretty established. I think we might see it test the S2 pivot around 1.1576. Will be watching closely. I think a small bounce is possible but overall direction seems downwards.
@usman1493 I'm kinda seeing the same thing tbh. That H4 chart looks pretty bearish to me. I'm still learning about SMAs, but if price is below them, doesn't that generally mean it's heading down? I'm thinking further downside is likely, but what do I know lol.