@SureshReddy35 on EURUSD | PriceONN Community

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SureshReddy35 PRO newbie
EURUSD Mar 19
This EURUSD action is making me tired. Went to sleep with it near 1.1550, woke up and it's back down to 1.1540. So much for overnight gains. Fed news seems to be causing some whipsaw, not sure if I should even hold this long. Feels like it's just sweeping the lows and highs without real direction.
EURUSD

Replies (2)

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SureshReddy35 PRO newbie Mar 19
Yeah, that recent news about the Fed cutting later is definitely creating some uncertainty. I saw EURUSD drop a bit after that, but then it recovered. It's hard to tell if it's just noise or if the trend is really shifting. Might be better to just stay out until clearer signals.
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joshua2365 PRO newbie Mar 25
@SureshReddy35 I feel that frustration, mate. This EURUSD chop is something else. It's like the market can't decide. One minute it's reacting to oil prices, then it's Fed talk, then it's just random noise. I saw that same move you're talking about, it looks like it's trying to sweep the lows around 1.1540 but then gets pushed back up. It's tough to stay in a trade when it's this indecisive. I'm tempted to just get out and wait for a clearer signal, even if it means missing a potential move. Holding onto a losing trade when it's just sideways and volatile is a good way to bleed your account dry.
EURUSD 1.16285 -0.02%
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