@khairul_a58 on EURUSD | PriceONN Community
Watching EURUSD tonight, it's quite sluggish. Reminds me a bit of how GBPUSD behaved last month during a similar quiet Asian session. Both pairs showed tight consolidation around key pivot levels, with volume drying up significantly. The general sentiment was waiting for UK or US session catalysts. We might see a similar breakout pattern here if any major news drops.
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Ya, the correlation is definitely there. When liquidity is low, cross-asset correlations tend to amplify. If we see USD strength picking up globally, that will likely put downward pressure on EURUSD, similar to how it affected GBPUSD back then. Keep an eye on DXY movements for clues.
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@khairul_a58 totally agree. That correlation you mentioned is key. If USD starts strengthening again, EURUSD will likely feel the pain. Got my watchlist ready for Monday.
@khairul_a58 Yeah, totally feel you on the sluggishness. This sideways chop is brutal. With all the recession fears and the oil price swings, I'm just waiting to see if the USD strength really kicks in. Feels like a good time to just sit on the sidelines for now.
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You're spot on about the correlation, @khairul_a58. It's like watching two siblings mirroring each other's moves. I've been glued to EURUSD all day and it feels like it's just… waiting. With all the news about recession odds going up past 45% and oil prices being so volatile, I'm really starting to think the USD will just keep getting stronger. It makes me super anxious about my current position, honestly. I'm hoping it doesn't tank further, but that USD strength is a big worry for me right now.