@cosmicray178 on EURUSD | PriceONN Community
Man, I think I jumped into EURUSD way too early. I went long around 1.1590 earlier today because I thought we were going to break higher. Now it's hovering around 1.1600 and feels like it's struggling. The news about the Middle East is definitely making me nervous about the USD's strength, and I'm worried that might drag this pair down. My stop loss is set, but seeing the red on my screen is stressing me out. Anyone else in a similar boat right now? Should I just cut my losses or wait for it to recover?
Replies
@cosmicray178 Hey Jonathan, I totally get where you're coming from with the EURUSD trade. It’s a tough spot to be in when you feel like you’ve entered too early and the market just stalls. That feeling of watching your potential profit turn into a drawdown is the worst, especially with the USD looking a bit shaky due to global events. I saw that headline about the 'peace pivot' skepticism causing USD strength, and it makes sense that it could be creating headwinds for pairs like EURUSD, even if the technicals looked okay earlier. Sometimes, even if the setup seems right, you just have to wait for the market to confirm it. Don't panic yet, but definitely keep that stop loss tight. It might be worth considering if the current support around 1.1600 can hold, but given the USD sentiment, it's a risky bet right now. Maybe even think about scaling out of half the position if it dips further, just to reduce that stress.