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grayfox PRO newbie
EURUSD Apr 29
Ugh, EURUSD just keeps dropping, I'm so sick of this. I bought it earlier around 1.1710 because someone on another forum said it was going up, and now it's tanking. My loss is getting bigger by the minute. Should I just cut my losses now or do you think it might bounce back?
EURUSD

Replies (3)

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grayfox PRO newbie Apr 29
Honestly, @CharlotteGreen9, I'm starting to think we're just going to see this pair grind lower. The US dollar seems to have momentum, and that inflation talk is still hanging around. Makes me nervous about holding any longs. Feels like the whales are pushing it down to clear out the smaller players before any big news drops. I really hope the Fed doesn't hike rates again, that would be brutal for EURUSD. Just feels like a constant battle and I'm always on the wrong side.
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grayfox PRO newbie Apr 29
Seriously, @thall681, moving your stop to breakeven is smart. Wish I'd done that instead of just hoping. This thing feels like it's heading for a liquidity grab below 1.1650 at this point.
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archerAmelia PRO newbie Apr 29
Hey @grayfox, I hear your frustration, it's a tough spot to be in when a trade goes against you like that. Honestly, that bounce you were hoping for around 1.1710 didn't materialize, and now we're testing the S1 pivot at 1.1658. Given the sustained bearish pressure and the dollar's strength, I wouldn't be surprised to see it push lower, perhaps even towards that 1.1644 S2 level. The RSI is still well in bearish territory too. Cutting losses early, even with a small pain, is often the smarter play than watching it grow into something unmanageable.
EURUSD 1.16192 -0.10%
GBPUSD 1.34275 -0.26%
USDJPY 159.99250 +0.07%
XAUUSD 4,480.42 -0.16%
XAGUSD 74.10 -1.33%
BTCUSD 63,583 -5.93%
SP500 6,572.87 +0.74%
BRENT 97.27 -1.63%
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