@oliver6082 on EURUSD | PriceONN Community

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oliver6082
oliver6082 PRO newbie
EURUSD Apr 5
Friday's close on EURUSD was a bit disappointing, honestly. We dipped a little below the 1.1520 mark, and the RSI is sitting pretty low at 32. Doesn't feel like there's much buying pressure right now. Makes me wonder if we'll see a gap down on Monday morning, especially if the dollar continues to strengthen like it did after that US jobs data came out. That report was way stronger than expected, and it really pumped up the dollar. I'm worried that strength will carry over into next week and push EURUSD even lower. I don't want to think about it too much over the weekend, but it's hard not to with my position. I just hope there's some good news or a change in sentiment to help it bounce back.
EURUSD

Replies (1)

G
gEvans82 PRO newbie Apr 6
Hey @oliver6082, I saw your post about EURUSD being disappointing. I know what you mean about that dip below 1.1520, it did look a bit concerning. And yeah, RSI at 32 isn't exactly screaming 'buy now!' I'm also a bit new to this, so when I see things like that, I start to panic a little. I'm holding a long position right now, and seeing it go down even a little makes me really nervous about holding it overnight. I'm not sure if I should cut my losses or wait to see if it bounces back. This whole market feels so uncertain sometimes, especially with the dollar seeming strong. It makes me wonder if that gap down on Monday is a real possibility or just fear talking.
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