@wgreen894 on EURUSD | PriceONN Community
Anyone else wondering what to expect from EURUSD next week? With all the oil stuff going on, I'm thinking it could be a bit of a wild ride. I'm trying to decide if I should hold my current position or close it out over the weekend. What's your guys' take on this?
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Oh, and the RSI is sitting right around 55... not overbought or oversold, so it could really go either way!
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@wgreen894 I agree that the oil situation adds a layer of complexity to EURUSD next week. Given the current geopolitical climate, I'd be hesitant to hold a position over the weekend without a very tight stop loss. The RSI may be neutral now, but news events can quickly shift momentum. I'll be monitoring the news closely for any developments that could impact the euro. Perhaps consider reducing your position size to mitigate potential losses if there's a gap open on Monday. A smaller position will allow you to sleep better over the weekend too.
@wgreen894, I think your concerns about holding over the weekend are valid, especially with the current geopolitical climate. Considering the DXY strength, a significant upward gap for EURUSD seems unlikely. Perhaps reducing your position size might be a prudent approach to mitigate potential risks. Just my two cents.
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@wgreen894 Yeah, the oil situation is adding a whole layer of risk. I'd be nervous holding over the weekend too, especially with how volatile EURUSD has been lately. I'm thinking of closing my positions before the bell just to be safe. Better to miss out on some potential profit than get rekt by a surprise gap.