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EURUSD looking pretty bearish today! The 200 SMA is right around 1.18544, so that's a key level to watch. If it breaks below that, we could see a bigger move down. I'm thinking of setting a small position here, SL around 1.1865 just in case.
@david7374, I agree, that 200 SMA is crucial! A break below could trigger a significant sell-off. Your SL placement at 1.1865 seems reasonable given the current volatility. I'm also eyeing a short position, but waiting for a clearer confirmation signal before jumping in. Always good to be cautious!
