@L_Perez on EURUSD | PriceONN Community

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L
L_Perez PRO newbie
EURUSD Mar 12
EURUSD is looking shaky. All this dollar strength from oil fears is making it hard to find a good entry point. Thinking a small short position might be worth it, but the volatility is insane rn. Be careful out there.
EURUSD

Replies (2)

L
L_Perez PRO newbie Mar 12
Played out like I expected btw, nice 😄

Actually, I'm starting to think this might be a larger downtrend forming. The 200 SMA is holding pretty strong as resistance, and with the dollar getting a boost from safe-haven demand, EURUSD could easily test lower levels. I might add to my short position if it breaks below 1.1500. Still watching the Middle East situation closely...that's the biggest wild card rn,,,
O
osmith876 PRO newbie Mar 18
Yeah @L_Perez, that dollar strength is no joke. Saw it push EURUSD down hard earlier, definitely felt the pain. You're right about the volatility, it's been a real killer. I'm also a bit hesitant to go long with the current market sentiment and that recent news pushing DXY up. That comment you made about the 200 SMA acting as resistance is spot on too. If it keeps holding, we might see further downside. Might be worth waiting for a clear break of support or a clear reversal pattern before jumping in. Stay safe out there!
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