@nathanfortin26 on EURUSD | PriceONN Community
Ugh, I jumped in EURUSD yesterday thinking it was gonna bounce back above 1.16. Saw some news about the dollar weakening and figured it was time to go long. Now it's just been creeping down all day. My SL is set but man, watching this tick lower is brutal. RSI is definitely not helping my confidence right now.
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It’s looking pretty weak on the hourly chart, breaking below that pivot point around 1.1579. I'm starting to think my entry at 1.1590 was just bad timing. If it can't hold this level, I can see it testing the S2 at 1.15578 pretty quickly. Might have to cut my losses if it doesn't turn around soon.
Seriously though, this whole geopolitical thing and the recession talk... it makes me wonder if the dollar weakness is just a temporary blip. I feel like I'm trading against the tide sometimes.