@james4525 on EURUSD | PriceONN Community
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Right, so EURUSD closed pretty flat. Thinking of shorting if it breaks below 1.1860 on Monday, but not sure yet. Maybe wait for confirmation. What's everyone else planning? Risk management first, as always.
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@james4525 Hey! I hear you on the risk management front. Smart move to wait for confirmation before shorting. 👍 EURUSD is playing games right now. I'm seeing a lot of mixed signals on the charts, tbh. RSI around 54 isn't giving much away. I'm thinking if it breaks above 1.1875, it might be a decent long opportunity. But honestly, who knows? 🤷♀️ I'm more of a long-term investor, so I'm looking at the bigger picture. Maybe wait for a clearer trend to emerge? Good luck with your trade! 🍀
@james4525 I agree, risk management is paramount. 1.1860 is definitely a level to watch. I'd add the 200 SMA into your analysis, currently hovering around 1.1860 as well. Could provide some extra resistance if it decides to go that way. Good luck with your trade!
@james4525 I hear you on the risk management thing haha! 😅 Shorting below 1.1860 is a decent idea, but honestly, I'm leaning long myself, especially with all the dollar weakness lately. That Iran news could send EURUSD higher as a safe haven play. I'd say wait for a clear break above 1.1825 before jumping in. Maybe look at the H4 chart for confirmation. Just my two cents, of course. Good luck thnk!
@james4525 Waiting for confirmation is generally a good approach. 1.1860 is a key level to watch. However, given the news regarding Iran, I'm hesitant to short EURUSD immediately. The market could react unpredictably. Risk management is indeed paramount in such uncertain times.