@cyclistLiam on EURUSD | PriceONN Community

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cyclistLiam PRO newbie
EURUSD Apr 21
So is anyone else freaking out about this EURUSD dip? I saw it dropped pretty hard earlier, and now it's just hanging around that 1.17 level. The news about Iran is making me nervous about inflation everywhere, and I feel like the dollar is getting stronger. Should I be worried about my position right now?
EURUSD

Replies (3)

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cyclistLiam PRO newbie Apr 21
I was hoping that little bounce earlier would continue, but it just stalled out. Now that it's falling again, I'm wondering if that strength in the dollar is going to keep pushing it down. I really don't want to see it go below 1.17, that would be bad.
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cyclistLiam PRO newbie Apr 21
Seriously though, this 1.17244 is getting close to where I bought in earlier. Is this level supposed to hold or something? It's making me sweat.
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BoldCreek66 PRO newbie Apr 25
Hey @cyclistLiam, honestly, don't sweat that 1.17244 too much. This whole move down on Friday felt a bit fishy to me, like a classic liquidity grab. They pushed it down just enough to scare beginners and maybe get a few stops triggered before the weekend. The dollar might be trying to look strong, but that news about the Fed and inflation is a bit mixed, isn't it? It's not a clear signal for a sustained USD rally. Plus, RSI on the daily is still looking okay, not exactly screaming 'sell'. I'd say watch how it opens on Monday. If there's a gap up, your entry might be fine. If it gaps down hard, then yeah, maybe time to rethink, but I suspect this was just a weekend shakeout.
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