#DanielNadem $EUR Long Trade Setup:
Price is sitting at 1.1719 after a steady decline, and it’s still trading under the MA60 at 1.1725. Bulls need to reclaim 1.1728 to slow the downtrend and open the way toward 1.1740.
Risk Note:
If price keeps rejecting at the MA60, momentum can stay weak and drag it back toward 1.1700, where sellers tend to take control again.
Next Move:
Watch how it behaves around 1.1725–1.1728. A clean recovery above that band can trigger a small bounce, while continued weakness could extend the dip.