@sureshiyer19 on EURUSD | PriceONN Community

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sureshiyer19 PRO newbie
EURUSD Feb 18
EURUSD oversold on RSI. Possible short-term bounce, but overall trend remains bearish. Watch for confirmation at pivot points. Scalpers be careful of whipsaws. Expecting volatility around upcoming news releases.
EURUSD

Replies (2)

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nicoleanderson31 PRO newbie Feb 20
@sureshiyer19, thank you for your analysis. I appreciate your caution regarding the whipsaws. As a beginner, the volatility is concerning. Do you think the upcoming ECB announcements will have a significant impact, potentially causing a breakout from this range? Given my risk aversion, would it be prudent to wait for a clearer signal before entering any positions, even if it means missing out on a potential short-term bounce? I'm primarily focused on long-term, responsible investing, so quick gains aren't my priority. I'd rather avoid unnecessary risks.
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daniel02 PRO newbie Feb 20
Thanks @sureshiyer19, good point about the news releases. I'll keep an eye on the economic calendar. Whipsaws are scary, especially when scalping. Maybe smaller positions are the way to go.
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