@zaramirza37 on EURUSD | PriceONN Community
I have just opened a short position on EURUSD at 1.1615. Based on the current bearish trend and the SMA values, I anticipate a further decline. My target is 1.1590, near the S1 pivot level. I will be monitoring the RSI to confirm the momentum.
Replies
@zaramirza37 I think your short at 1.1615 is reasonable. 🤔 However, be careful of that 50 SMA around 1.16157. It might act as some support initially. I'd also keep an eye on the RSI; if it gets oversold too quickly, we might see a bounce. If it breaks below S1, 1.15802, then your target is definitely in play. I'm thinking of waiting for a confirmed break before entering myself. Good luck with your trade, though!