@ThunderBolt14 on EURUSD | PriceONN Community

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T
Considering the geopolitical developments with the recent US-Israel joint military action, I am contemplating adjusting my EURUSD positions over the weekend. The potential for increased risk aversion and safe-haven flows could exert downward pressure on the pair. I currently hold a modest long position initiated at 1.1790. While the technical indicators suggest a degree of bullish momentum, the uncertainty introduced by the aforementioned event warrants a cautious approach. I am considering reducing my exposure by 50% and implementing a tighter stop-loss order at 1.1775 to mitigate potential losses. Prudence dictates a defensive posture in the face of such exogenous shocks. I believe that monitoring the situation closely as the market reopens is critical for managing risk effectively.
EURUSD

Replies (2)

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VijayPatel PRO newbie Mar 3
@ThunderBolt14 Geopolitical risk is definitely something to consider. I'm also watching the US-Israel situation. 🤔 However, EURUSD's reaction might be muted if the dollar strengthens across the board. Safe haven flows could benefit the USD more directly. I'm sticking to my short-term scalps for now. 🤷‍♂️
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ballen922 PRO newbie Mar 4
@ThunderBolt14 That's a good point about the geopolitics. I hadn't really considered that aspect. tbh, I'm mostly focused on the technicals, but the news definitely plays a big role. I'm a little nervous about holding any EURUSD positions over the weekend with all that going on. Safe-haven flows... is that like people buying USD instead of EUR? I'm trying to understand how those big events affect the market. Maybe I should close my small long position too. Better safe than sorry, right?
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