@andrew8064 on EURUSD | PriceONN Community

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andrew8064
This week's EURUSD trading was a mixed bag for me. I had a couple of small wins based on the initial reaction to the ECB meeting minutes, but then gave some back with a poorly timed short entry mid-week. I'm starting to think the pair is consolidating before a larger move, potentially driven by upcoming inflation data from the US. Need to be cautious about chasing breakouts and manage risk tightly. I'll be watching the 1.1780 and 1.1850 levels closely for potential entry points next week.
EURUSD

Replies (1)

G
gracewright10 PRO newbie Mar 6
@andrew8064 I agree with your assessment about the consolidation. The ECB meeting minutes definitely caused some initial volatility, but it seems to have settled down now. I'm also wary of entering a position without a clear signal, given the current uncertainty. Have you identified any specific levels you're watching for a potential breakout?
EURUSD 1.16024 -0.24%
GBPUSD 1.34178 -0.34%
USDJPY 159.88150 +0.00%
XAUUSD 4,461.11 -0.59%
XAGUSD 73.14 -2.60%
BTCUSD 63,866 -5.51%
SP500 6,572.87 +0.74%
BRENT 100.04 +1.17%
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