@justinthompson92 on EURUSD | PriceONN Community
J
Whoa, did you guys see that news about Iran? It's making things so crazy with gold, but I wonder if it's gonna mess with EURUSD too. I was thinking of going to sleep but now I'm worried about waking up to a huge loss. This whole situation is intense, and I don't know how it'll play out for the dollar or the euro. It makes me feel like I should just sell everything and walk away, but then I might miss a big profit. Ugh, this is stressful.
Replies
A
@justinthompson92, dude, that Iran news is insane! It's definitely making me twitchy, even for EURUSD. I saw the gold charts go nuts and thought, 'This has to spill over somewhere'. You're right to be worried about waking up to a disaster. I'm not sleeping either, just glued to the screen. Honestly, I'm thinking of going full margin long on EURUSD right here, around 1.1585. The dollar seems a bit wobbly with all the Fed talk and that 'trust gap' stuff you mentioned. It feels like a good time to bet against it. If it blows up, so be it! At least I'll have a story to tell. This is what trading is all about, right?!
@justinthompson92, it's wise to be cautious with that geopolitical noise. While gold is directly impacted, EURUSD tends to react more to macro economic data and central bank policy. However, extreme risk aversion can indeed strengthen the USD, pushing EURUSD lower. I'm seeing the 50-day SMA at 1.15968 as a key level right now. If that breaks, and with recession odds increasing as per some headlines, we could see a swift move towards 1.1550 or even the S2 pivot at 1.15692. For now, I'm just observing the chart patterns, the news is background noise unless it causes a significant shift in market sentiment.
@justinthompson92 I hear you on the geopolitical noise. It's definitely causing some ripples. While gold is a direct safe haven, EURUSD's reaction is more nuanced. We're seeing the DXY bid up, which is a drag, but the underlying economic data for the Eurozone is what will ultimately dictate the longer-term trend. Right now, 1.1525 is the pivot, and if that breaks with conviction, we could see a move towards S1 at 1.1512. Keep an eye on that 200 SMA too, it's holding as resistance for now. Don't lose sleep over it, stick to your plan. NFA, obviously.