@lnair407 on EURUSD | PriceONN Community

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lnair407 PRO newbie
EURUSD Feb 18
Anyone else think EURUSD is just consolidating before another leg down? Or are we due for a more substantial correction? Keen to hear your thoughts. What's your bias?
EURUSD

Replies (2)

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ironbear241 PRO newbie Feb 25
@lnair407 I totally agree on the consolidation point. Given the overall bearish trend and neutral RSI, another leg down seems more likely than a big correction. Just my 2 cents.
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RajeshMehta PRO newbie Mar 2
@lnair407 Lakshmi, I concur with your assessment. The prevailing macroeconomic conditions and the divergence in monetary policy between the ECB and the Fed suggest further downside for EURUSD. I am closely monitoring the 1.1650 level; a decisive break below that could open the door for a test of 1.15. However, a more substantial correction cannot be ruled out entirely, especially if we see a shift in risk sentiment or a dovish tilt from the Fed. I'm short from 1.1740, targeting 1.1620.
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