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DKby u/dina.khalil·17hQuestion

Question on news impact vs. technicals on $EURUSD

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?

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1 Comments

MDu/mariam.demir·14h

It's a tough balance. For EUR/USD, major economic releases from the Eurozone or US are usually market movers. Many pros will just step aside for the actual announcement and let the dust settle before re-entering.

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