@BrianWhite75 on EURUSD | PriceONN Community
Is EURUSD just vibing sideways forever? lol. I'm new to this, but it feels like it's been stuck around 1.18 forever. Are we waiting for some big news or something? I'm thinking about opening a small long position, but I'm scared of getting rekt. Any advice for a newbie?
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Update: So I did a little more digging (aka watched a bunch of YouTube videos lol) and it seems like the 50 SMA around 1.1795 is acting like a pretty strong support level. If it breaks that, though, I guess we could see it drop pretty hard? Still kinda nervous about going long, but maybe a small position with a tight stop loss? Or maybe I should just stick to paper trading for now... hmm. What do you guys think about the impact of the dollar index on EURUSD btw?