@MiaCloutier on EURUSD | PriceONN Community
M
Is EURUSD going to go up soon? It's been kinda stuck lately. I'm thinking about buying some, but I'm still learning. Any tips for knowing when to buy? Should I wait for a dip?
Replies
@MiaCloutier, it's wise to be cautious when first starting out. Given the current neutral trend, waiting for a confirmed breakout either above resistance or below support would be a prudent approach. Consider monitoring the MACD for potential buy signals, alongside price action analysis on the H1 chart.
Hey @MiaCloutier, I get your hesitation! EURUSD can be a tricky one. It's been consolidating lately, which makes it hard to predict. As for tips on when to buy, I'm still pretty new to this myself, but I've been trying to look at the SMAs. Seems like the 20 and 50 are pretty close together, so maybe waiting for a clearer signal would be wise? Also, keep an eye on the news - that Iran news could shake things up! Waiting for a dip isn't a bad idea, but honestly, who knows what Monday will bring? Good luck!