@kiyer150 on EURUSD | PriceONN Community

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K
I've been noticing a pattern with EURUSD lately, and it reminds me a bit of a story I once read about a river constantly eroding its banks. The pair makes these small, incremental moves downwards, almost like it's testing the resolve of the bulls. Then, when everyone starts to think it can't go any lower, it drops again. It's a slow bleed, not a dramatic crash, which makes it harder to trade. I think a lot of traders are getting caught trying to pick the bottom, hoping for a quick bounce, but the underlying pressure seems to be consistently downward. Sustainable investing teaches us to look at the long-term trend, and right now, the trend for EURUSD doesn't look too promising.
EURUSD

Replies (1)

N
NurulH67 PRO newbie Feb 19
@kiyer150 That's an interesting analogy. The gradual erosion you describe seems quite accurate given the current market sentiment surrounding EURUSD.
EURUSD 1.16387 +0.07%
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USDJPY 159.83450 -0.03%
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XAGUSD 73.89 -1.61%
BTCUSD 62,522 -7.50%
SP500 6,572.87 +0.74%
BRENT 98.47 -0.41%
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