Question on news impact vs. technicals on $EURUSD
asked by u/dina.khalil · 3d · 1 answers
I'm still relatively new to trading forex majors, specifically $EURUSD, and I find myself struggling with how much weight to give to economic news releases. I'll identify what looks like a good technical setup, maybe a clear support/resistance level or a chart pattern, but then a CPI release or an ECB speech hits, and it just obliterates the technicals, often in the opposite direction of what I anticipated.
Are you guys mainly avoiding news events entirely, or is there a way to integrate high-impact news into your technical analysis without just guessing? How do you factor in the unpredictability of these events, especially when your technicals are screaming one thing?