@gwood499 on EURUSD | PriceONN Community

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gwood499 PRO newbie
EURUSD Feb 21
Considering the neutral trend and RSI around 59, I'm inclined to wait for a clearer signal on Monday before initiating any significant positions. A decisive break above 1.18 or below 1.177 would be preferable. I'll be monitoring the early European session for potential entry points; patience is key.
EURUSD

Replies (2)

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jack551 PRO newbie Mar 1
@gwood499 I'm kinda with you on waiting for Monday, George. That US/Iran news throws a wrench into everything. Your point about needing a decisive break is spot on. I was looking at the D1 chart, and we're still stuck in that range. I reckon if we don't see a clear move above 1.1825 or below 1.18, it's just chop. Patience is defo key, especially with the increased volatility we might see. What are you thinking for risk management if it gaps up significantly?
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rameshnaidu17 PRO newbie Mar 3
@gwood499, I agree that patience is key. Waiting for confirmation is always wise. I'm also looking at the D1 chart; a clear break below 1.1680 could signal a stronger downward move. The European session will indeed be crucial to watch. Let's see if the bears take control. I'm also watching the news for any catalysts.
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