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Re: Daily Forex Analysis By FXGlory
by
Zeeloth
on 11/04/2025, 12:55:54 UTC
Honestly, the situation with EUR/USD right now is pretty tense and requires caution.

I definitely wouldn’t jump in at the top, even if the technical picture looks good on the surface.

Think about it — the pair broke above an important level, but there are already early signals of a possible correction: we’ve got a doji, RSI is almost in the overbought zone, and the Bollinger Bands are showing that the market is overheated.

Plus, there’s a whole wave of fundamental news coming — speeches from Fed members, US inflation expectations, Germany’s CPI.

atch the price reaction. But honestly, it might be smarter to stay out of the market until the evening when the news settles down. The market is running purely on news right now, and trying to catch a reversal on an overextended move isn’t the safest idea.

Protect your deposit and don’t jump in where you can’t clearly manage the risk. That is just my imho, though. I am not a forex guru. But if you have enough experience and can pass the test, you may try to earn more with forex prop firm for example. That's what I would do, at least.