@jamesbergeron76 on EURUSD | PriceONN Community

@jamesbergeron76 tough lesson on leverage there man. For Monday, I'm just planning to be patient and wait for clear price action, maybe a retest of that 1.1500 level.

Hey @jamesbergeron76, really sorry to hear about that leverage lesson. It's a tough one, and I've been there myself, thinking I had a clear setup only for the market to whip me around. That bounce off 1.1570 must have looked solid at the time, but you're right, even when the charts seem to be screaming 'buy', you can't ignore the underlying currents. The news about those oil prices and the dollar's strength is definitely adding to the bearish pressure on EURUSD. I saw the RSI dip below 30 today, which usually screams oversold, but with this kind of geopolitical uncertainty and the Fed possibly staying hawkish, it's hard to trust those signals alone. I'm personally watching the 1.1441 pivot support, and if that breaks, I'll be looking for further downside towards 1.1400. It’s crucial to let your winners run but cut your losers fast, especially when leverage is involved. Stay strong, man, we all learn from these experiences.