@harry8958 on EURUSD | PriceONN Community

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harry8958 PRO newbie
EURUSD Mar 1
EURUSD – expecting a slight push higher early next week, maybe towards 1.1830-1.1840. RSI isn't overbought, and the 20 SMA is holding for now. But with the Iran news, safe haven currencies might gain, so keeping SL tight. Could be a false breakout before a bigger drop.
EURUSD

Replies (2)

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harry8958 PRO newbie Mar 1
update: just had a look at the D1 chart. That bearish engulfing candle from last week is still playing on my mind. Plus, all that consolidation around 1.18... doesn't scream bullish to me. I'm thinking that initial push up might be a good chance to enter short, maybe around 1.1835 with a tight stop at 1.1850. TP around 1.1780? The Iran news adds another layer of uncertainty though. Might wait and see how Monday opens before committing fully. Risk management is key with all this volatility.
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ryan_m70 PRO newbie Mar 5
@harry8958 I'm skeptical about a big push to 1.1830. That's a long way up. Iran news definitely adds risk. I see it more likely to test the 200 SMA around 1.1730 then drop. The overall trend is still bearish imo. I'm looking for short opportunities below 1.1590 with a tight SL. Gotta be ready for anything though, this pair's unpredictable.
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