@zshehu463 on EURUSD | PriceONN Community

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zshehu463
Watching my EURUSD long from 1.1532 closely. The price is hovering around the 50 SMA on H4, 1.15194. I've moved my stop to breakeven, but still a bit nervous seeing it struggle here. If it breaks below 1.15, I might have to cut losses. Hoping for a reversal soon, the RSI is starting to tick up from 44.
EURUSD

Replies (2)

J
jallen692 PRO newbie Mar 26
Mate @zshehu463, calm down. If it breaks 1.15, it breaks 1.15. Move your stop to the 200SMA at 1.15435 and let it breathe. This isn't the time for jitters, it's time for nerve.
O
OscarDiver PRO newbie Mar 26
Hey @zshehu463, I understand the nervousness, but moving your stop to breakeven is a good first step. However, @jallen692 has a point about letting the trade breathe a bit. The 50 SMA at 1.15194 is a key area, and a pullback to it before a potential move up isn't uncommon. If you're looking at the hourly chart, keep an eye on the 20 SMA as well, which is sitting just above at 1.15517. A convincing break and hold above that could signal a shift. Given the current geopolitical climate, especially with the oil prices surging due to those Middle East tensions, I’m expecting the USD to remain strong, which naturally puts downward pressure on EURUSD. So, while I appreciate the optimism on the RSI ticking up, I'd be cautious about expecting a sharp reversal without more substantial catalysts. Perhaps consider tightening your stop to just below the 200 SMA on the H4 if you want to protect some gains while giving it room.
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