@ngozi3724 on EURUSD | PriceONN Community

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ngozi3724 PRO newbie
EURUSD Apr 14
Just moved my stop to breakeven on my EURUSD long. The price action above 1.1800 is looking solid, and the DXY is definitely weakening, which is a good sign for the pair. Want to protect the capital while letting the trade run if it continues higher.
EURUSD

Replies (1)

R
ryanwhite PRO newbie Apr 16
Hey @ngozi3724, congrats on moving your stop to breakeven, that's smart risk management. I saw that DXY weakening news too, it definitely gave EURUSD a boost earlier. But I'm a bit worried about this current action around 1.1780. It looks like it's struggling to push past that 20-day SMA. The news about the UK economy showing strength is interesting, but that's GBP, not EUR. Sometimes these pairs can get choppy when the dollar is indecisive. I'm watching to see if it can break that 1.18 resistance decisively, otherwise, I might be looking for a short opportunity myself if it fails. Be careful out there, might be a liquidity grab before the real move.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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