I was going to practice drawing support and resistance on the EURUSD this morning but wow it just looks so choppy? Is that how it looks to you? If you have drawn recent lines would you mind sharing them here?
EUR/USD price action this morning indeed appears choppy, reflecting market indecision, with clearly defined support around the psychologically significant 1.0800 and recent low at 1.0775, alongside notable resistance at 1.0888 and a stronger ceiling between 1.0915–1.0930; considering technical indicators such as the flat EMA-50 and neutral RSI, maintaining patient observation and disciplined risk management aligned with available capital will best serve your trading approach.
Probably depends what time frame you’re looking at. Short time frames were whipsawing from Trump who has kicked the stock market well into consolidation and heading towards a bear market.
It’s really difficult at the moment because Trump is daily causing unpredictable reactions. The whole market is crazy. Europe moves it over 1% one way then America smacks it the other.
Really big money to be made, but this isn’t a beginners market.
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