EURUSD looking bearish under the 200 SMA on the daily chart. RSI is still neutral, but if it breaks below 40, could signal further downside. I'm watching for a potential short entry around 1.1850 with a TP near 1.1830. 🤔📉
Update: EURUSD failed to bounce off the 200 SMA. Confirming my bearish bias. I'm moving my SL a bit tighter now to 1.1865 to protect profits. Still targeting 1.1830, but will reassess if it shows signs of reversal. Keeping a close eye on the H4 chart. 👀💰
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coffee37PROnewbieFeb 17
@brandonharris50 I agree, a break below the 200 SMA could definitely open the door for more downside! Keeping an eye on that RSI too!