@emily1986 on EURUSD | PriceONN Community

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emily1986 PRO newbie
EURUSD Mar 16
Volume on EURUSD seems to be picking up as New York session progresses, but it doesn't feel entirely convincing for a sustained upward move given the underlying dollar strength.
EURUSD

Replies (1)

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neha1989 PRO newbie Mar 18
Hey @emily1986, I see what you mean about the volume. It's picking up a bit but feels weak, almost like fake volume before the real move. I'm noticing the dollar strength too, which is definitely not helping EURUSD. I'm skeptical about any sustained upside here, especially with the RSI sitting around 32. It feels like we might see more downside after this choppy price action, maybe even sweeping the lows around 1.1430. The news about oil prices surging is also making me nervous about risk sentiment, usually bad for pairs like EURUSD. I'm waiting for clearer signals or a break of a key level before committing.
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