@thomas2902 on EURUSD | PriceONN Community

Ah mate, @thomas2902, don't worry about one stop out. EURUSD is being a bit moody, but it'll bounce back. Just gotta wait for the right moment, maybe around that 1.1550 support level.

Ah, @thomas2902, that's a tough one, especially when you're expecting a bounce and it just keeps grinding lower. It happens to the best of us, though. My rule is to never chase a losing trade, and if a stop is hit, I take a moment to reassess rather than jumping back in immediately. Looking at the charts now, the 200-day SMA is just above current price around 1.1545, and it's been a significant level historically. The RSI is also sitting at 35.9, which is definitely in oversold territory, but that doesn't guarantee an immediate reversal, as we've seen. Given the broader bearish trend and the geopolitical noise from the Middle East potentially boosting the dollar, I'm not surprised 1.1570 proved to be too ambitious for a short-term bounce. Perhaps waiting for price to break above the 20-day SMA at 1.15484 would be a more prudent signal to consider looking for longs again, but for now, it's looking weak.