@jackson7206 on EURUSD | PriceONN Community
This whole oil surge with the Iran stuff reminds me of that time back in 2022 when everything went nuts. EURUSD got hammered then too. Feels like we're heading for a similar choppy ride if tensions keep climbing. Just hoping my small short position doesn't get blown out.
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Hey @jackson7206, I totally get what you're saying about the oil and Iran situation reminding you of 2022. It does feel a bit like history repeating itself, and that makes me really nervous too. I saw that EURUSD dropped quite a bit yesterday testing that 1.1450 support you mentioned, and with the dollar still looking strong, I'm worried it might break lower. I'm sitting on the sidelines right now because I'm still new and don't want to enter a trade based on just a hunch. Should I be looking to sell if it breaks below 1.1500? It's just hard to tell with all this geopolitical stuff adding to the uncertainty.
Hey @jackson7206, I totally get what you're saying about the oil and Iran situation reminding you of 2022. It does feel a bit like history repeating itself, and that makes me really nervous too. I saw a hammer candle on the 15-min chart for EURUSD about an hour ago, which usually signals a potential bounce, but with all this geopolitical uncertainty and the general choppiness we've seen, I'm not sure if it's a real reversal or just a dead cat bounce. It's making me second-guess my own small buy position. Wishing you luck with your short, hope it doesn't get blown out.