@mianguyen on EURUSD | PriceONN Community
Reviewing today's EURUSD action. The Dollar strength, as indicated by the news, really put a cap on any upside. I managed to catch a small scalp on the DXY rebound near 1.1480, moving my stop to breakeven on that position as soon as it broke the 1.15 handle. Tomorrow's Fed decision will be key, but for now, I'm just focused on protecting capital.
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Hey @mianguyen, good call on managing that DXY rebound. I saw the Dollar picking up steam Friday too, which definitely put a damper on EURUSD's attempt to break higher. With all the geopolitical noise, especially that oil price surge, it's making the Fed's next move even harder to predict. I'm kinda thinking the dollar might actually strengthen again if these tensions escalate further, even if it's acting weirdly now. That news about the dollar being the weakest major currency despite yields was really surprising, feels like the safe-haven status is getting tested big time. I'm keeping a close eye on it for Monday.