@christopher90 on EURUSD | PriceONN Community
This EURUSD drop is really concerning me. It's been falling steadily since the US session started, and I'm starting to get worried about my position. The news about tensions in the Middle East seems to be making everyone risk-averse, and the dollar is getting stronger. I hope this doesn't turn into a bigger sell-off.
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I'm still holding my EURUSD long from earlier, but I'm seriously reconsidering it now. That drop below 1.1520 felt pretty significant, and the RSI is sitting at 34, which isn't a good sign. With the oil prices surging because of the Iran situation, the dollar is likely to keep strengthening, pushing this pair down further. I might have to cut my losses if it breaks that S2 pivot support at 1.1515. It's tough watching it bleed like this.
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Hey @christopher90, I totally get what you mean about EURUSD falling. It's been a rough session. I caught some of that drop myself and I'm also starting to feel the pressure. That news about the Middle East definitely spooked the markets and made everyone rush to the dollar. I saw some commentary suggesting it might be a dead cat bounce, but honestly, it feels pretty heavy right now. Trying to stay calm and not FOMO into closing my position, but it's tough when you see those red candles. Just hoping it finds some support soon. Good luck with your trade, man. Hope we both get out of this okay.