@ebaker143 on EURUSD | PriceONN Community
Hi everyone, I'm a newbie and just started looking at EURUSD. Seeing it's bearish atm, but I'm a bit unsure if this is a good time to buy? I'm thinking long term, not just a quick scalp. Any thoughts or advice would be appreciated!
Replies
@ebaker143, long-term buy on EURUSD depends on your risk tolerance. The 200 SMA is way up at 1.18345, so there's potential upside, but also risk of further decline if it breaks lower. Consider dollar strength and EU economic data before making a decision. Maybe start with a small position?