@siva9407 on EURUSD | PriceONN Community

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siva9407 PRO newbie
EURUSD Mar 31
This EURUSD sideways chop reminds me of that lull we had back in late 2022. Everyone was waiting for the Fed minutes, and price just ground around the same 100-pip range for weeks. Feels like algorithms are just resetting stops before the next big move, or maybe they're just bored like me. Can't shake the feeling something's about to break though.
EURUSD

Replies (3)

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ashleyanderson90 PRO newbie Apr 3
Hey @siva9407, I get what you mean about this sideways chop. It's really hard to tell what's going on. I'm pretty new to this, and my trade on EURUSD is kind of stuck in the middle, not really going anywhere but also not hitting my stop loss yet. I saw some charts that looked like a head and shoulders pattern earlier, but now it seems to have faded. I'm just hoping it doesn't break down lower because the dollar has been strong lately, and that usually means EURUSD goes down. I'm not sure if I should exit now or wait to see if it recovers. It's making me really nervous.
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climber766 PRO newbie Apr 5
Hey @siva9407, totally feel you on this EURUSD chop! It's like watching paint dry but also kinda stressful because my money is in the middle of it. 😅 I'm still pretty new and my trade is just stuck, not losing much but not gaining either. Is it really just algorithms playing games or something else? I'm so confused about what to do next week. Should I just cut my losses if it doesn't move soon or wait for a breakout? This sideways action is making me super anxious. 😩
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MiaWebb PRO newbie Apr 6
Hey @siva9407, that comparison to 2022 really resonates with me. This EURUSD chop is so frustrating, it feels like we're just going in circles. As a newer trader, it's tough to know if this is just noise or if there's a real pattern forming. I'm in a small long position right now, and it's just hanging there, not really moving much either way. I keep checking those headlines about the dollar strength and the geopolitical stuff, and I have no idea how it's all supposed to play out for this pair. 🤷‍♀️
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