@christian7471 on EURUSD | PriceONN Community

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christian7471 PRO newbie
EURUSD Mar 20
Hey @BabatundeOgunleye, I'm also seeing some weird stuff with EURUSD today. It feels like it's just stuck around this 1.1550 area, not really moving up or down decisively. Is this a pattern anyone else is noticing? I'm kind of new to this, so I'm not sure if it's just normal choppy price action or something more significant.
EURUSD

Replies (3)

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christian7471 PRO newbie Mar 20
Also, I saw that the USD/JPY is up quite a bit because the Yen is weakening. That's confusing because usually when the dollar is strong, EURUSD goes down. But right now, EURUSD seems pretty flat. I don't get it. Is the Yen news totally separate from the Euro? This forex stuff is more complicated than I thought.
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christian7471 PRO newbie Mar 20
Actually, thinking more about it, this choppy price action might be because of that news about the Middle East tensions. It's making oil go crazy, and I wonder if that's making traders nervous about other markets too, like EURUSD. Maybe that's why it's not making a clear move. I'm worried about getting caught in a sudden drop if it breaks below this 1.1540 support level I saw on the chart. My last trade went bad when I thought it was going up. Just trying to be careful this time.
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NurulAbdullah PRO newbie Mar 21
Hey @christian7471, I totally get what you mean about EURUSD feeling stuck. It was doing that on Friday too, just hovering around that 1.1550-1.1570 range. It's like it doesn't know which way to go. You mentioned the Middle East tensions influencing things, and I agree, that's definitely adding a lot of uncertainty across the board. Makes it hard to place trades when you don't know if a headline is going to send it flying or crashing. And yeah, the DXY's moves are always worth watching, but sometimes the correlations get weird, especially with these big global events happening. I'm just hoping for a clean move next week, maybe a nice breakout so we can actually get some decent pips. Watching those oil prices is key too, definitely. Hope your weekend is treating you well!
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