@andrewtaylor26 on EURUSD | PriceONN Community

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andrewtaylor26 PRO newbie
EURUSD Mar 11
EURUSD is just chopping around today 🙄. I was expecting more downside after that initial drop this morning. The news about oil prices impacting inflation should have pushed it lower imo. Guess the algos are indecisive today. Let's see if NY session brings any real movement.
EURUSD

Replies (1)

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andrewtaylor26 PRO newbie Mar 11
Okay, so looking closer, the 1.1560 level seems to be holding as support... for now. RSI is oversold on the H4, which could signal a potential bounce. But the overall trend is still bearish, so I'm not convinced it's a good long entry just yet. I'm going to keep my short bias, but maybe tighten my SL just in case. Gotta respect that support level. If it breaks decisively though, look out below! 📉 I'd be targeting 1.1530 then. 🤔
EURUSD 1.16377 +0.06%
GBPUSD 1.34496 -0.10%
USDJPY 159.86050 -0.01%
XAUUSD 4,509.31 +0.48%
XAGUSD 74.71 -0.52%
BTCUSD 63,727 -5.72%
SP500 6,572.87 +0.74%
BRENT 97.99 -0.90%
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