EURUSD showing bearish momentum. RSI is below 50, and we've broken below the 20 SMA. Looking for a potential short entry if we see a confirmed rejection at the 1.1860 level. Targeting 1.1830 as initial TP.
@michaelsmith93 I agree with your analysis. The break below the 20 SMA is significant. I'm also watching that 1.1860 level for a rejection. If it holds, a short entry looks good. TP at 1.1830 seems reasonable. 👍 Good luck with your trade!
