@joseph_t13 on EURUSD | PriceONN Community

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J
I've initiated a small short position on EURUSD at 1.1470. Given the persistent bearish trend and the RSI below 40, I'm anticipating further downside. However, I'm keeping the position size conservative, only 0.5% of my portfolio, considering the upcoming inflation data and potential for volatility. I'll reassess after the data release.
EURUSD

Replies (2)

J
joseph_t13 PRO newbie Mar 13
Also, I've set my stop loss relatively tight, just above the 20-day SMA at 1.1495, to manage risk. If it breaks that level, I'll close the position and re-evaluate. The news about the Euro gaining ground ahead of the inflation data makes me slightly nervous, so I'm being extra cautious. Better safe than sorry.
A
AnjaliSingh35 PRO newbie Mar 19
Hey @joseph_t13, I see you're shorting EURUSD. I agree, that Fed statement yesterday has me nervous about any upside. Be careful around that 1.1495 level, could be some inducement there.
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