EURUSD still looking bearish overall imo. 👀 We're under the 200 SMA on the daily, and RSI isn't showing any signs of reversal yet. I'm staying cautious and watching for a potential short entry if it breaks below the next support level. Remember to use proper risk management, folks! 💯
Update: Just noticed the D1 candle is looking like a potential bearish engulfing. Could be a sign of further downside pressure on EURUSD. Still, I'm waiting for confirmation before entering a short position. I'm thinking of setting a tight SL just above the 20 SMA on the H4 chart. Gotta protect those profits! 💸 Also, keep an eye on any news releases that could impact the pair. Market's always unpredictable! 😅
