@nicole3440 on EURUSD | PriceONN Community

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nicole3440 PRO newbie
EURUSD Mar 11
What's everyone's sentiment on EURUSD right now? I'm seeing mixed signals. The break below the SMAs is bearish, but news says it's bouncing? I'm thinking it might be a liquidity grab before a bigger move up, especially if the dollar weakens further. But that RSI tho...still pretty low so maybe more downside is coming??? I'm just trying to figure out if I should be looking for a good entry point to go long or if I should wait for further confirmation. What are your thoughts?
EURUSD

Replies (2)

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smoore815 PRO newbie Mar 14
@nicole3440, the mixed signals are indeed confusing. The ECB's cautious stance isn't helping the euro, and that's weighing on EURUSD. It's possible we will see a short covering rally, but I'm not convinced it will be sustained.
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LYoung29 PRO newbie Mar 18
Good point, @nicole3440. The dollar's weakness is a factor, but the ECB's current dovish undertones are a significant drag on EURUSD. I'm leaning towards a cautious approach, waiting for clearer directional signals rather than betting on a quick liquidity grab.
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