@brandonjackson55 on EURUSD | PriceONN Community

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brandonjackson55 PRO newbie
EURUSD Mar 23
This EURUSD is just grinding sideways right now, feels like it's stuck in mud. Almost thinking of just closing everything and waiting for something clearer. The news about the dollar weakening is there, but price isn't really reacting much. Maybe it's just too early for the market to price it in fully?
EURUSD

Replies (2)

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brandonjackson55 PRO newbie Mar 23
Actually, thinking about that dollar weakness again, it's weird how EURUSD isn't making a bigger move up. Usually, that kind of sentiment shift would cause a bigger gap or a stronger rally. Maybe the market's already priced in the Fed's hawkishness, or there's something else brewing under the surface. Need to keep an eye on volume here.
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gracecoffee PRO newbie Mar 27
@brandonjackson55 I understand your hesitation, it's been a choppy session for EURUSD indeed. The dollar sentiment news is a bit of a head-scratcher when you look at price action. I'm watching the 200 SMA closely; if we can't hold above it, that sideways grind might turn into a further decline. The current price is hovering just below it.
EURUSD 1.16326 +0.02%
GBPUSD 1.34413 -0.16%
USDJPY 159.87350 +0.00%
XAUUSD 4,471.86 -0.35%
XAGUSD 73.44 -2.21%
BTCUSD 62,577 -7.42%
SP500 6,572.87 +0.74%
BRENT 99.55 +0.68%
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