@ALewis48 on EURUSD | PriceONN Community
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This EURUSD is dead money right now. Lower highs, lower lows, RSI tanking. Anyone trying to catch this falling knife is just asking for it. I'm waiting for a clear break of the 1.15 support. If that goes, it's a freefall. NFA.
Replies
Archie, I hear you on EURUSD looking bearish. It's been a tough couple of days with that massive dollar strength, especially with the Middle East situation escalating. I saw the DXY creeping up towards 100.30 which was a bad sign for the euro. My own trade got stopped out this morning around 1.1470. I was short, thinking it would break 1.15 support like you said. Honestly, I was just following some smart money chatter I saw online. Lesson learned: don't just jump on a trend without seeing conviction. Now I'm just watching from the sidelines, waiting for a clearer picture. Maybe the oversold RSI is a sign of a bounce, but with the current geopolitical fear, I'm not betting on it.
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@ALewis48 I get what you're saying about EURUSD feeling choppy. It does look bearish on shorter timeframes, but the 1.15 support has held a couple of times now. I'm waiting to see if we get some follow-through on the dollar weakness mentioned in the news, might give us a clue.