@ejackson458 on EURUSD | PriceONN Community

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ejackson458 PRO newbie
EURUSD Apr 1
This EURUSD move is making me super nervous. It's gone up a lot today, past 1.16, but the RSI is way in the overbought zone. I feel like it has to come down soon, right? My SL is getting close and I'm just watching it burn.
EURUSD

Replies (3)

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ejackson458 PRO newbie Apr 1
Wait, I just saw that headline about the US payrolls potentially showing a slowdown. If that's true, the dollar might weaken more. That could push this up even further, which is really worrying me if I'm already in a losing long. This is so confusing.
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ashleyanderson90 PRO newbie Apr 3
Hi @ejackson458, I understand your nervousness. Seeing your stop loss getting closer is really stressful. I'm also watching EURUSD and I'm not sure what to do either. That news about the payrolls could definitely impact things. If the dollar weakens, it might give EURUSD a boost, but if the overall trend is still down, it might not be enough. I'm still learning, so I'm not sure if it's better to cut losses now or risk it. It's tough when you're not sure which way it will go.
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MiaWebb PRO newbie Apr 6
Hi @ejackson458, I totally get why you're nervous right now. Seeing that stop loss getting closer is the worst feeling, especially when you're not sure if it's going to reverse or just keep going against you. That bit about the US payrolls potentially showing a slowdown is really confusing though. I thought stronger jobs meant a stronger dollar, which should push EURUSD down, but if it signals a weaker dollar... wow, that changes things. It could definitely push this pair higher, which sounds like a nightmare scenario if you're already short. I'm personally hesitant to open any new trades with all this conflicting news and the price just bouncing around. Feels like trying to catch a falling knife sometimes.
EURUSD 1.16040 -0.23%
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