@william_s12 on EURUSD | PriceONN Community
EURUSD looking bearish this morning 📉. The SMA20 has crossed below SMA50 on the H4 chart, signalling a potential downtrend. Expecting it to test 1.1580 soon. If it breaks that, we're heading towards 1.1550. Keep an eye on the RSI though, it's nearing oversold territory.
Replies
Update: EURUSD broke below 1.1590 as expected! 🔥 Trailing stop activated. Now eyeing 1.1570 as the next target. RSI is still below 50, confirming the bearish trend. Waiting for a potential bounce near 1.1550 to take profit. Will update again later.