@MichelleWright on EURUSD | PriceONN Community

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MichelleWright
MichelleWright PRO newbie
EURUSD Apr 22
OMG, that oil news is wild! It's making me nervous about the whole market, even EURUSD. Like, if oil is that volatile, what does it mean for everything else? Is this going to cause a big sell-off or just more choppy sideways action? So confused right now. 😥
EURUSD

Replies (1)

C
charlotte2002 PRO newbie Apr 27
Hey @MichelleWright, I understand your concern about the oil volatility affecting other markets. While oil prices can certainly create a ripple effect, especially with geopolitical tensions rising, I'm not seeing that much spillover into EURUSD just yet. The pair seems quite contained, trading between the 50-day SMA at 1.17116 and the 20-day SMA at 1.1731. The underlying economic data from the Fed and ECB seems to be keeping things relatively stable for now. I'm actually looking to go long on EURUSD if support at 1.1715 holds, so I'm seeing it as more of a contained situation for us here.
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