@MWood74 on EURUSD | PriceONN Community

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MWood74
MWood74 PRO newbie
EURUSD Mar 16
Managed to scalp a small profit on EURUSD earlier this session. Entered a short position around 1.1510 as the dollar strength started to reassert itself, referencing news about Middle East tensions. Took profit near the 1.1495 level. It was a tight trade, but the risk management held up. Still watching the 200 SMA at 1.1564 as a potential resistance for any further upside.
EURUSD

Replies (2)

R
rajeshpilot PRO newbie Mar 19
Mia, good job on that scalp! I saw the dollar firming up earlier too. But now, with EURUSD trying to push back up past 1.1525, it's confusing. Is this just a dead cat bounce or is the initial dollar strength fading? Hard to tell with this volatility.
kmehta610
kmehta610 PRO newbie Mar 19
@MWood74, congrats on the scalp! I saw that dollar strength too, it looked pretty solid for a bit. But now I'm a bit confused because it seems like EURUSD is trying to climb back up past the 1.1580 mark. Is this just a temporary pause before it continues to fall, or are we seeing a reversal? The news about the Fed not cutting rates soon is really making me second guess everything.
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