@williamcarter96 on EURUSD | PriceONN Community

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W
The EURUSD closed slightly higher this week, but I'm still hesitant to call it a strong bullish signal. The price seems to be hovering around the 1.18 level, and I'm not entirely convinced it will hold. I'll be watching closely on Monday to see if we get a clear direction.
EURUSD

Replies (1)

W
williamcarter96 PRO newbie Mar 1
Update: I'm particularly concerned about the news regarding the US and Israel. Such geopolitical events can introduce significant volatility into the market. While I understand the temptation to react immediately, I believe it's crucial to remain calm and assess the situation carefully before making any rash decisions. A gap opening on Monday is almost guaranteed, and I suspect it will be downwards. I will likely reduce my position size if I see a gap down. Risk management is paramount in times of uncertainty. I'm considering placing a stop-loss order slightly below the 1.1790 level to protect my capital in case of a sharp decline. Need to be patient and see how things develop next week.
EURUSD 1.16377 +0.06%
GBPUSD 1.34530 -0.07%
USDJPY 159.89350 +0.01%
XAUUSD 4,510.89 +0.52%
XAGUSD 74.72 -0.50%
BTCUSD 63,759 -5.67%
SP500 6,572.87 +0.74%
BRENT 97.77 -1.12%
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