@fkhan416 on EURUSD | PriceONN Community
Ugh, EURUSD is making me nervous tonight. I'm still in this long position from earlier, and it's hovering right around 1.1720. I've moved my stop to breakeven now, just in case. Can't afford another overnight loss, especially with all the German economic news looking bad. Really hoping this holds up until I can get out tomorrow morning.
Replies
Hey @fkhan416, I feel you on the EURUSD nerves. That hover around 1.1720 is definitely dicey, especially with the German data playing spoilsport. Smart move shifting your stop to breakeven, can't be a bag holder on this pair. Personally, I was eyeing that level too. For me, the key will be how it handles the open. If we see a strong displacement above R1 at 1.17202, I might consider adding to a long position, but only if the overall market sentiment supports it. Otherwise, that 200 SMA on the daily at 1.17552 is still a significant hurdle. Keep a tight leash on that trade.