@kmehta610 on EURUSD | PriceONN Community
Good weekend to all. I'm holding a small long position in EURUSD from around 1.1515. Given the bearish close on Friday and the overall bearish trend, I'm considering scaling out of this on Monday morning if we don't see immediate strength. The recent news about the dollar strengthening globally due to geopolitical tensions is a major concern for my euro exposure. I'll be watching the European market open very closely.
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Actually, on second thought about that long position, I might just move my stop loss down to break-even if we open lower. The dollar strengthening narrative is strong right now, and that news about oil prices spiking is making me nervous about overall market risk appetite. If I'm wrong and it starts to tank, I'd rather just get out with minimal loss than watch it bleed further. I'll reconsider going long again if it finds solid support around the 1.1480-1.1490 area, but for now, I'm leaning towards caution. The failure to hold the pivot point really sticks out to me.