@usmansaeed85 on EURUSD | PriceONN Community

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usmansaeed85 PRO newbie
EURUSD Mar 31
I've decided to move my stop loss to breakeven on my EURUSD long position. Given the volatility around the US session open and the conflicting economic signals, it's prudent to de-risk. Seeing the price hover around the previous day's close makes me uneasy about overnight moves. I'll sleep better knowing my capital is protected, even if it means missing out on further gains.
EURUSD

Replies (1)

U
usmansaeed85 PRO newbie Mar 31
Actually, upon reviewing the intraday chart again, I'm seeing some buying pressure emerge near the 1.1530 level. The 200-day SMA is also holding around 1.1543, which is a good sign. Perhaps the initial hesitation was just market participants digesting that inflation data from the Euro Area. If we can push past the R1 pivot at 1.1561, I might reconsider my stop and let it run a bit more. For now, breakeven is still the safest bet before I head to bed.
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