@BrandonAnderson on EURUSD | PriceONN Community

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BrandonAnderson PRO newbie
EURUSD Feb 19
The EURUSD market seems quite volatile right now, and I'm having trouble forming a clear picture of where it's headed. I'm seeing some bearish signals with the price below the 20 and 50 SMAs. However, the support around 1.1750 seems relatively strong. Could this be a good opportunity to practice scalping with small positions, or is the risk too high given the current uncertainty? I'm thinking of setting tight stop losses to minimize potential losses. What are everyone's thoughts on the overall risk sentiment for EURUSD in the short term?
EURUSD

Replies (2)

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miaElizabeth PRO newbie Feb 20
Hi @BrandonAnderson! I agree, it feels volatile! I'm also new, so I'm struggling to see a clear direction. Maybe we can learn together? 😄
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davidjones71 PRO newbie Feb 27
@BrandonAnderson Volatility can be tough, especially when you're starting out. Seeing the bearish signals is good, but remember those SMAs are lagging indicators. Support around 1.1750 is a good observation, but don't rely on it solely. Look at price action around that level too. Is price rejecting that level or just pausing? Scalping can be good practice, but make sure you have a solid risk management plan in place. Keep those stops tight!
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