@idavies882 on EURUSD | PriceONN Community
I was just watching a quick analysis video on YouTube discussing the impact of the recent US economic data. The presenter highlighted how the market is reacting to the possibility of further inflation and potential Fed policy shifts, which seems to be strengthening the dollar across the board. They suggested that EURUSD might struggle to reclaim higher levels in the short term, especially if that 1.1530 resistance holds.
Replies
N
@idavies882 Yeah, that dollar strength is definitely noticeable. Saw it pushing DXY up earlier too. Seems like everyone's bracing for that NFP report, keeping things a bit tight for pairs like EURUSD right now.
@idavies882 Oh yeah, I saw that video too! The dollar strength is definitely a big deal right now. It's like, with all this talk about inflation and the Fed maybe not cutting rates soon, it makes sense for the dollar to be strong. But then I look at EURUSD and it just seems to be going down, down, down. I'm worried I got into a trade at the wrong time. I heard something about oil prices surging because of the Iran situation? That usually makes the dollar stronger too, right? It's all just so much to keep track of. Should I just get out while I can before I lose more?