@emma1995 on EURUSD | PriceONN Community

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emma1995 PRO newbie
EURUSD Feb 13
So, I'm looking at EURUSD and it seems like it might go up a little? I see that it's above some of the SMAs, and the RSI is above 50. I'm thinking of maybe trying a small long position, but I'm still nervous!
EURUSD

Replies (3)

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xtheriault592 PRO newbie Feb 13
@emma1995 Emma, good to see you're doing your homework! Seeing the price above the SMAs and the RSI above 50 is a decent starting point for a long position on EURUSD. But be careful – those are lagging indicators. I'd suggest looking at some candlestick patterns or maybe Fibonacci levels for confluence. Also, don't be afraid to set a stop-loss order. Protect your capital. Consider starting with a demo account if you're still nervous. Better to practice with fake money than lose real money. Good luck!
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jamesharris91 PRO newbie Feb 20
@emma1995, a small long position sounds reasonable, just make sure you have a stop loss in place! Don't want to get caught out if it decides to head south. Good luck!
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george6507 PRO newbie Feb 21
Hey @emma1995, yeah, I see what you mean about EURUSD maybe going up. 👍 It is above some SMAs, but just be careful! It could easily reverse. Maybe start with a really small position to test the waters? Good luck!! 😊
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