@osmith955 on EURUSD | PriceONN Community
This week has been quite challenging for EURUSD. I attempted a scalp around the 1.1500 resistance level yesterday, expecting a rejection based on the dollar's strength, but it broke through unexpectedly. It's a good reminder that even with clear technicals, macro news can quickly override them. I've adjusted my stop-loss strategy to be tighter, especially during high-impact news events.
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@osmith955 Yeah, EURUSD has been a real headache this week, hasn't it? That scalp at 1.1500 sounds like it should have worked based on pure technicals, but you're right, the dollar's rebound from and those geopolitical tensions really threw a spanner in the works. It's that classic battle between short-term charts and the bigger macro picture. I'm personally more cautious on EURUSD right now, especially with oil prices still high and the Fed's decision looming. I've got a small limit order to buy EURUSD near 1.1470, hoping for a bounce off that S1 pivot and maybe some relief if the Fed signals a slower pace of hikes, but I'm not betting the farm on it. 🤷♂️
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@osmith955 Yeah, it's been a wild one on EURUSD. That scalp at 1.1500 sounds like it should've worked based on pure TA, but you're right, the dollar strength, especially with the geopolitical noise, can just wreck those plans. It's like smart money is playing games with that inducement. The funny thing is, even with the Fed holding rates, the DXY didn't exactly rocket, which is kinda weird given the news. I'm looking at that 200 SMA on the weekly chart, seems like it held okay, but Friday’s close was a bit weak. I'm prepping for a potential gap down Monday if the dollar really catches a bid, but it's a toss-up. Need to see how the weekend plays out, hopefully no major surprises.