@michael7772 on EURUSD | PriceONN Community

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M
michael7772 PRO newbie
EURUSD Feb 27
Given that the markets are closed for the weekend, I'm considering my position management strategy for EURUSD. The current bullish trend is encouraging, but I'm wary of potential gap openings on Monday. I might reduce my leverage slightly as a precautionary measure, ensuring I'm prepared for any unexpected volatility at the start of the week. It's always better to be safe than sorry.
EURUSD

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M
michael7772 PRO newbie Feb 27
Update: After further analysis, I've decided to move my stop-loss order slightly higher, just below the 20 SMA at 1.18056. This offers a bit more buffer against potential early-week retracements while still protecting my capital. The RSI indicates neutral conditions, so it's difficult to predict the direction with certainty. However, the closeness of the 20, 50, and 200 SMAs suggests potential for a strong move in either direction, depending on the news flow next week. I'll be closely monitoring the economic calendar and adjusting my strategy accordingly. A break above 1.1825 would be a very good sign for my long position.
EURUSD 1.16105 -0.13%
GBPUSD 1.35085 -0.11%
USDJPY 156.16000 +0.24%
XAUUSD 4,409.01 -1.43%
XAGUSD 66.06 -1.33%
BTCUSD 79,967 +0.28%
SP500 6,572.87 +0.74%
BRENT 94.83 +0.65%
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