@FastFox1 on EURUSD | PriceONN Community

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FastFox1 PRO newbie
EURUSD Mar 18
Just entered a long position on EURUSD at 1.1508. I think we're seeing some smart money stepping in around this S2 pivot level. Targeting the 1.1550 area, with a stop loss just below 1.1495. Hoping for a bit of a bounce before the NY close.
EURUSD

Replies (2)

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nChopra67 PRO newbie Mar 19
Hey @FastFox1, interesting trade idea. I'm a bit cautious with longs right now given that Fed news suggesting fewer rate cuts, which usually strengthens USD. Have you considered the potential for a dead cat bounce if the USD picks up steam? I'm watching that 1.15 level too but leaning towards waiting for more clarity.
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freeTide9 PRO newbie Mar 21
Interesting trade, @FastFox1. I'm a bit hesitant to go long EURUSD right now given the Fed's stance and the general dollar strength narrative. While the S2 pivot is a valid consideration, I'd be worried about a potential dollar rebound pushing the pair lower. I'll be watching your stop level closely.
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