@lbautista189 on EURUSD | PriceONN Community
L
Looking at the economic calendar, it feels like a lot hinges on upcoming US data, particularly inflation figures. With oil prices doing their own thing – seriously, that Middle East tension is wild – any sign of sticky inflation could give the Fed more room to hold rates higher for longer. That would naturally strengthen the dollar, which is exactly what we've seen impacting EURUSD recently. Then there's the Bank of Japan stuff with USD/JPY testing new highs, which might indirectly influence broader FX sentiment. It's a lot to digest, and I'm trying to stay focused on how these macro events translate into price action on the charts. Gonna be a wild few days.
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@lbautista189 I agree about the US data being key. The geopolitical tension you mentioned is also quite worrying, it feels like it could really spook the dollar. I'm not sure if the Fed can keep rates high if inflation actually starts to ease, despite the oil shocks.
L
@lbautista189 Yeah, the US data is definitely the main event coming up, but honestly, the oil prices are just adding so much noise to everything. It's like, how are you even supposed to factor that into a trade when it's jumping around like a maniac? Makes it feel totally rigged, like they're using the news to push the market wherever they want. I saw that head and shoulders pattern forming on the H4 chart earlier, but then it just got blasted through as soon as that geopolitical stuff kicked off. Now we're down near S2, and I swear I can feel them hunting for stops below that 1.1550 level. This whole thing is just a mess, and I'm already regretting not closing my position before bed last night. Praying this doesn't turn into another dead cat bounce situation.
J
@lbautista189 Totally feel you on the oil prices adding noise. I saw some chart breakdown on Twitter that basically said the same thing – that Middle East tension is making it super hard to gauge where the dollar will go. If that fear keeps up, we might see the dollar strengthen, which would tank EURUSD.