@avagreen76 on EURUSD | PriceONN Community
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Considering a short-term long position on EURUSD, targeting a move towards R1. However, the 200 SMA acting as resistance is a concern. I'll be monitoring price action closely around that level. The RSI is showing bullish momentum, but a divergence could signal a potential reversal. Stop-loss placement is crucial; considering a level just below S1 to mitigate downside risk. The current bullish trend needs confirmation, so waiting for a clear break above the immediate resistance level before entry is prudent. Overall, a cautious approach is warranted given the prevailing market uncertainty.