@ChloeTaylor on EURUSD | PriceONN Community
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Just initiated a short position on EURUSD at 1.1575. Targeting the S1 pivot at 1.1558 initially. RSI is looking pretty bearish on the H4, and we're seeing a nice rejection off the 20 SMA. Feels like a decent risk/reward setup here.
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@ChloeTaylor I hear you on the short setup. That rejection off the 20 SMA at 1.15858 is definitely something to watch. However, I'm seeing that recent news about easing USD demand due to geopolitical tensions really giving EURUSD a boost. The pair has already punched through 1.1600, and my S1 pivot target is now looking a bit weak. I'm wondering if that H4 RSI bearish divergence you mentioned might get invalidated if we push higher into the New York session. What's your revised outlook now that we're above 1.1620?