@fcarter423 on EURUSD | PriceONN Community

Reading @kevin1997's question about 1.1560 and the ECB concerns got me thinking. This price action reminds me a bit of that choppy period back in Q2 2023. Remember how EURUSD danced around 1.0750 for weeks? It felt like a similar tug-of-war between hawkish Fed whispers and dovish ECB hints. Eventually, a clear catalyst broke it out of that range – I think it was a surprisingly strong US inflation print. We're seeing some divergence now with the RBA's hike and the BoJ policy narrowing, but the US dollar sentiment still feels dominant, like the Fed was back then. If that dollar strength narrative picks up again, I could see us breaking below that 1.15 pivot point even faster than expected. Watching the 200-day SMA at 1.15517 closely – a firm break below that would be a serious bearish signal for me. 📉