@V_Patel on EURUSD | PriceONN Community
Good morning, my analysis of EURUSD shows a clear downtrend. The price is currently below the 20, 50, and 200 SMAs, all of which are acting as resistance. Pivot point analysis shows S1 at 1.18 and S2 at 1.17946. Given the current bearish momentum, I anticipate a further decline towards these support levels. I'm considering a short position with a target around 1.1790, but still analyzing the risk-reward ratio. Need to consider the volatility. Any thoughts?