@emeka87 on EURUSD | PriceONN Community

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I've adjusted my stop loss on EURUSD to 1.1600. Currently holding a long position initiated earlier today. The RSI suggested bullish momentum, but this late session volatility is making me uneasy. Going to bed now, hoping for a positive outcome when I wake up. These overnight moves can be quite unsettling.
EURUSD

Replies (2)

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emeka87 PRO newbie Mar 9
Though I must admit, the 200 SMA looming above at 1.16764 is a bit of a concern. I will re-evaluate in the morning depending on how price action develops. Hope it doesn't become a strong resitance
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chef340 PRO newbie Mar 16
Hey @emeka87, I feel you on the overnight anxiety! 😅 That's a pretty wide stop loss you've set there at 1.1600. Given the current price action around 1.1520 and the general dollar strength from oil prices, I'm not sure we'll reach that level tonight unless something major shifts. I'm personally watching that 1.1500 resistance zone closely. If it fails to break, I might look for a short scalp back towards the daily pivot. The RSI does look a bit overextended though, so a pullback isn't out of the question. Good luck with your trade!
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