@daniel96 on EURUSD | PriceONN Community
EURUSD downtrend continues. The pair is below the 200 SMA on the daily chart. I'm looking at potential shorting opportunities near the 1.1760 level, but will wait for a clear bearish signal on the hourly. Risk management is key in this environment. Overall sentiment remains bearish.
Replies
@daniel96 I agree about risk management being key. It's always important, but especially now with EURUSD so choppy. I'm not convinced it's a clear downtrend though, more like consolidation. I'll be watching that 1.1760 level you mentioned too, might be a good entry point if it breaks.