@stephanieharris52 on EURUSD | PriceONN Community
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I've just initiated a long position on EURUSD at 1.1572. The confluence of factors here is compelling. Firstly, the 50-day SMA is currently holding at 1.15711, acting as a dynamic support. Secondly, the geopolitical tensions you mentioned, particularly regarding oil, seem to be creating a slight risk-off sentiment globally, which could indirectly benefit the Euro against a potentially weakening dollar. I'm targeting the R1 pivot at 1.15994 for an initial take profit, with a stop loss set just below the S1 pivot at 1.1565. This offers a favorable risk-reward ratio, and I'm closely monitoring the RSI for any divergence on the H1 chart as confirmation.