@nthompson398 on EURUSD | PriceONN Community

Okay, so I've been doing some more digging... and looking at the longer-term charts, EURUSD has bounced pretty consistently around this 1.15 area in the past. I know past performance isn't a guarantee, but it's definitely something to consider. Plus, with all the geopolitical stuff happening, people might start moving back into the euro as a safe haven? Maybe? 🤔 I'm still pretty new to this, so I'm not sure if that makes sense, but it's what I'm seeing. I think a small position with a tight stop-loss is worth the risk. What are your thoughts?

Just checked my charts again during lunch, and the 1.15 level seems to be holding for now. Could be a good entry point if you're patient. 😉

@nthompson398 Hey Nicole, I hear you on the oversold idea. It's tempting to jump in when RSI looks that low, especially with the dollar strength potentially fading like you mentioned. I'm watching EURUSD from the Asian session right now, and it's definitely looking interesting around that 1.15 level. However, given the geopolitical tensions and the EU energy crisis news, I'm a bit hesitant to go full long just yet. It feels like there could be a fakeout or a bear trap designed to catch early buyers. Remember how choppy things were last week? I'd wait for a clear break above the 20 SMA or at least a solid confirmation candle on the H1 chart before committing. Patience is key in these markets, especially when big news is looming. Good luck with your decision!