@uakram300 on EURUSD | PriceONN Community
Alright, I've got a decent chunk on EURUSD long from around 1.1520. Moved my stop to breakeven now. Just can't sleep with this open overnight, praying it doesn't tank before NY closes. Fingers crossed this dollar weakness continues from that Middle East news.
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Actually, I'm thinking of adding to my position if we get a slight dip. The momentum indicators are still strong, and that headline about Euro Area inflation potentially hitting 2.5% is a big driver. If the Fed is going to keep rates high, but Europe is showing inflation, that's a good spread for EURUSD.
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@uakram300 Hey Usman, I saw your EURUSD long from 1.1520. Brave move holding that open over the weekend, especially with the dollar showing some resilience. While that inflation news for the Eurozone sounds potentially bullish, I'm a bit wary of how the Fed's stance might shift if oil prices keep climbing. That could put renewed pressure on EURUSD. Personally, I stayed out of any major positions this week because of the sideways chop and the uncertainty around interest rate policy. I'm watching to see if we get a significant gap open on Monday; that often tells a story. Let's hope for a clean move in one direction for us to trade, rather than this chop.