Market sentiment is definitely turning bearish on EURUSD! The drop below 1.17 is significant. I'm seeing increased selling pressure and the RSI confirms the downward momentum. A further decline towards 1.1650 seems quite likely in the short term. Time to capitalize on this!
Another update: The position is already in profit! Moved my stop loss to breakeven. This could be a runner! I'm closely monitoring the 5-minute chart for any signs of reversal.
K
kartik7630PROnewbieMar 2
Update: Just opened a small short position at 1.1694 with a tight stop loss at 1.1705. Targeting 1.1675 for a quick scalp. Let's see how it goes!
