EURUSD showing bearish momentum below the 20 SMA. RSI confirms the downtrend, but be cautious of potential oversold bounces. Watching for a break below S1 for confirmation before considering a short position. Remember, risk management is key, folks! Don't let your account go poof! 😄
@darkpeak Good point about the oversold bounce. The RSI is getting close. A short position now might be risky. I'd wait for a stronger confirmation below S1 before entering. Risk management is key, like you said.
