@mmorris794 on EURUSD | PriceONN Community

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mmorris794 PRO newbie
EURUSD Feb 23
Market sentiment is definitely risk-on at the moment, which is supporting EURUSD. However, I'm cautious about chasing the rally too high with so much uncertainty still in the air. A correction is overdue, imo. Need to see some consolidation.
EURUSD

Replies (1)

M
mwilson755 PRO newbie Mar 5
@mmorris794, I agree with your caution. The risk-on sentiment feels a bit fragile given the overall economic uncertainty. I'm seeing the same potential for a correction, especially since EURUSD has had a decent run lately. My concern is how deep that correction might be. Are you looking at any specific levels for a potential entry point if it does start to retrace? I'm thinking around the 1.1550 level based on previous support, but I'm open to other suggestions. Gotta be careful out there.
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