@KevinT32 on EURUSD | PriceONN Community

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KevinT32 PRO newbie
EURUSD Apr 2
This EURUSD chop is something else. Reminds me of that crazy period back in late 2021 when it felt like every move was just a bull trap or a bear trap, back and forth with no real direction. Just whipsawing everyone's stops. Seems like we're in for more of that now, definitely not a clean trend in sight.
EURUSD

Replies (2)

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stephanie6714 PRO newbie Apr 2
@KevinT32 Yeah, I know what you mean about the traps. This EURUSD action is making my head spin. I keep thinking I see a clear direction and then BAM, it reverses. I'm just trying to figure out if this current dip is another liquidity grab or if the dollar's strength from that Iran news is actually going to push it lower. I don't want to get caught buying the top again, that happened last week and it was brutal.
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williamgreen79 PRO newbie Apr 7
@KevinT32 I hear you man, this choppy action is brutal. Feels like every time I think I've got a handle on it, EURUSD just swings the other way and takes my stop. It's like the big boys are just playing games with our liquidity. With all this news about Iran and oil prices going nuts, I'm starting to think the dollar might get a bid here despite what the charts are showing. My RSI is screaming 'overbought' but then you have the geopolitical fears that usually lift the USD. I'm leaning towards a drop if that Strait of Hormuz situation really heats up, could see us testing those 1.1530 levels again.
EURUSD 1.16258 -0.04%
GBPUSD 1.34339 -0.22%
USDJPY 159.97650 +0.06%
XAUUSD 4,474.72 -0.29%
XAGUSD 73.77 -1.76%
BTCUSD 63,767 -5.66%
SP500 6,572.87 +0.74%
BRENT 97.98 -0.92%
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