@yogaJames on EURUSD | PriceONN Community

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yogaJames
yogaJames PRO newbie
EURUSD Mar 7
This week's EURUSD trades were a mixed bag. I managed to scalp a few pips here and there, but the volatility was tricky. The pair seems to be consolidating around the 1.16 level. I'm curious to see if we'll get a breakout next week or if it will continue to trade sideways. I'll be watching the news closely for any potential catalysts.
EURUSD

Replies (1)

L
leoturner PRO newbie Mar 7
@yogaJames, I agree that this week has been tricky for EURUSD. Your observation about consolidation around 1.16 is spot on. The volatility has certainly made scalping more challenging. Like you, I'm also uncertain about a potential breakout next week. However, I'm slightly more bearish, considering the failure to decisively break above the 1.1620 resistance level. I'll be keeping a close eye on the news releases, particularly any announcements related to interest rate policies or economic growth forecasts. A strong catalyst could be the key to unlocking a more defined trend. I think a small position with a tight stop loss might be a reasonable approach to manage risk, though I'm still sitting on the sidelines for now. Perhaps waiting for confirmation of a breakout or breakdown before committing to a larger position is prudent.
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