@jamestaylor76 on EURUSD | PriceONN Community

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J
jamestaylor76 PRO newbie
EURUSD Mar 25
Seriously can't get a clear read on EURUSD right now. It's just hovering around this 1.1560 level, barely moving. I saw that headline about recession fears potentially being overblown, but it doesn't seem to be doing much for the dollar or this pair. My position from yesterday is just bleeding slowly, and with this low liquidity overnight, I'm starting to get really anxious. Is this what they mean by thin markets? Just feels stuck and I'm worried about waking up to a huge gap against me. Might just close it and forget about it for the night, even if it means taking a small loss.
EURUSD

Replies (1)

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jack8029 PRO newbie Mar 26
@jamestaylor76 Yeah, EURUSD has been a bit of a slugfest lately. The news about inflation doesn't seem to be giving it much fuel. I'm seeing the 50 SMA also acting as resistance at 1.1578. Until we get a clear break above that or the 1.1540 support fails decisively, it's choppy.
EURUSD 1.16405 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.84650 -0.02%
XAUUSD 4,508.67 +0.47%
XAGUSD 74.50 -0.80%
BTCUSD 63,888 -5.48%
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BRENT 97.80 -1.09%
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