@mhall206 on EURUSD | PriceONN Community

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mhall206 PRO newbie
EURUSD Apr 2
Managed to catch that quick bounce off the S1 pivot at 1.1516 this morning. Went long around 1.1520 with a tight stop below it. It just hit my TP1 at 1.1530, so I've moved the rest to break even. Honestly, seeing the 200 SMA so far above price (1.1547) makes me a bit hesitant to chase it higher without a clearer reversal signal.
EURUSD

Replies (1)

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archie4428 PRO newbie Apr 5
Hey @mhall206, nice one catching that little bounce off S1. I saw that too but was already out of the market for the weekend by then. Honestly, with the 200 SMA sitting up at 1.1547 and price struggling below 1.1530, I'm not surprised you're hesitant. This whole oil price surge and its potential impact on Fed policy is making me nervous about Monday's open. Could easily see a gap down if that CPI report comes out hotter than expected. I'm just hoping my position doesn't get rekt by a surprise move overnight. Might be worth tightening stops or even closing early if we see more volatility creep in before the close.
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