@daniel1988 on EURUSD | PriceONN Community

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daniel1988
Hey everyone, I'm looking at EURUSD and wondering if it's a good time to buy. It seems to be bouncing around the 1.1760 area. I'm thinking of setting a stop loss around 1.1740, just in case it drops further. What do you guys think? Any advice would be awesome!
EURUSD

Replies (2)

katherine6695
katherine6695 PRO newbie Feb 27
@daniel1988, your stop loss at 1.1740 seems reasonable given the recent volatility. However, consider the possibility of a false breakout before placing your trade.
W
williamgreen79 PRO newbie Mar 2
@daniel1988 1.1740 is a decent stop, but watch out for fakeouts. With all the news I wouldn't be surprised if it went lower before any bounce.
EURUSD 1.16354 +0.04%
GBPUSD 1.34514 -0.09%
USDJPY 159.88250 +0.00%
XAUUSD 4,503.28 +0.35%
XAGUSD 74.78 -0.43%
BTCUSD 63,647 -5.83%
SP500 6,572.87 +0.74%
BRENT 98.03 -0.86%
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