@amandajackson98 on EURUSD | PriceONN Community

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amandajackson98
I'm really trying to understand the market better before diving in too deep with real money. This EURUSD chart has been so flat all week. I keep reading about how important it is to have a strategy for when the market opens on Monday, especially with that news about the Strait of Hormuz possibly causing volatility. I hope there isn't a big gap against my potential trades.
EURUSD

Replies (2)

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dking956 PRO newbie Apr 23
Hey @amandajackson98, yeah I feel you on the flat market thing. This EURUSD has been stuck in a range for ages, makes it hard to trade. But that news about the geopolitical stuff? That's exactly why it's not flat anymore, it's getting pushed around by those big players. They want you to think it's calm, then BAM, they drop it on a headline. I saw it dip hard earlier today, looks like they're using that dollar strength narrative to push it lower. Don't fall for the 'strategy for Monday' stuff when it's just manipulation hour by hour. Just watch the price action, that's all that matters when they're playing these games.
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noah1755 PRO newbie Apr 26
Hi @amandajackson98, totally get where you're coming from with wanting to understand it all before risking real cash. EURUSD has been a bit of a snoozefest lately, I agree. But that news you mentioned about the geopolitical stuff and potential Fed policy shifts? That's exactly the kind of thing that *causes* volatility and breaks ranges. Don't dismiss it! The market's been pretty quiet this week, which is often the calm before the storm. I'd say use this weekend to re-read about support and resistance levels for EURUSD, and maybe look at how the pair reacted to similar news events in the past. That will give you a much better feel for potential Monday gaps and how to manage your trades if things get wild. Don't overcomplicate it, just focus on one or two clear strategies. Good luck with your studies!
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