@adamyoung10 on EURUSD | PriceONN Community

@adamyoung10, your observation regarding the 200 SMA is valid. However, I'd exercise caution before initiating a short position solely based on a potential breakdown of that level. The price action is currently quite choppy, and the 50 SMA is providing some support. It might be prudent to wait for a clearer confirmation, such as a break below the 1.1797 level, before committing to a short trade. Also, consider the overall market sentiment and any upcoming economic data releases that could influence EURUSD. A wider stop-loss might be warranted given the current volatility.

@adamyoung10, I wouldn't rely too heavily on that 200 SMA, tbh. It's lagging, and EURUSD price action has been ignoring it for a while now. A better play might be looking at the recent swing lows for support. If it breaks 1.1585 with some volume, then maybe consider that short. But just blindly shorting at the SMA seems risky with the current volatility. Also, consider the RSI, it's not oversold yet, so there's still room to fall. Just my 2 cents, man.