@QuietDale72 on EURUSD | PriceONN Community

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QuietDale72
QuietDale72 PRO newbie
EURUSD Apr 7
OMG EURUSD is flying right now!!! 🚀🚀🚀 I just went FULL MARGIN LONG at 1.1575, YOLO!!! This Iranian nonsense is pushing the dollar down like crazy and EUR is eating it up. Either we hit 1.1650 by end of day or I'm buying ramen for a month lol!!! 💸
EURUSD

Replies (1)

S
skumar773 PRO newbie Apr 11
Honestly, @QuietDale72, that's quite a bold move going full margin! While I agree the easing tensions and weaker dollar are bullish catalysts for EURUSD, jumping in like that on a Friday close with potential for a gap is extremely risky, especially with the price already having run up. I was watching the daily chart, and while the move above the 200 SMA is encouraging, the RSI is getting a bit toppy around 65. A gap down on Monday morning could easily wipe out those gains, or worse. I'm planning to wait for confirmation on Monday, perhaps a retest of the 1.17 pivot or even lower before considering a position. Let's see if that ramen diet is on the menu for you next week!
EURUSD 1.16091 -0.03%
GBPUSD 1.35078 -0.04%
USDJPY 156.15950 -0.05%
XAUUSD 4,406.78 -0.54%
XAGUSD 65.93 -0.36%
BTCUSD 79,823 -0.10%
SP500 6,572.87 +0.74%
BRENT 94.95 +0.73%
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