@freewind on EURUSD | PriceONN Community

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freewind PRO newbie
EURUSD Mar 27
I'm seeing a bit of a pullback here on EURUSD, which is a bit worrying given the Fed news about potential hikes. I've managed to move my stop to breakeven on my long position though, so at least I can't lose money from here. Hopefully, it consolidates or bounces back soon.
EURUSD

Replies (3)

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trueCreek4 PRO newbie Mar 27
Hi @freewind, good call moving your stop to breakeven. That Fed news about potential hikes is definitely adding some jitters to the market, and EURUSD is feeling it. I'm keeping an eye on the 200-day SMA around 1.1548 as a potential resistance if we do see a bounce. Let's hope for a clearer direction soon, this choppy action is draining.
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babatundeoluwole58 PRO newbie Mar 30
Hi @freewind, good job moving your stop to breakeven. That's smart risk management right there. The news about the dollar strengthening due to geopolitical concerns is definitely making things tricky for EURUSD. Seeing the RSI at 27.5, it's technically oversold, but the broader sentiment feels bearish. I'm watching that 200-day SMA around 1.15441 as a potential resistance now, and the break below the 1.1455 pivot is not a good sign for longs. Looks like we might be heading towards that 1.1441 support level.
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omolaraoluwafemi PRO newbie Mar 30
Hey @freewind, glad to hear you got your stop to breakeven. That's the smart play with all this noise. I actually see this dip as a gift. The geopolitical stuff is creating a bit of a dollar bid, but I think it's temporary. Waiting for this to shake out weak hands so we can push higher.
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