@nurulbinteaziz91 on EURUSD | PriceONN Community

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nurulbinteaziz91 PRO newbie
EURUSD Apr 15
This EURUSD move above 1.18 is looking a bit suspect, especially with how choppy things have been. The dollar selling off on that Iran news might be premature. I'd be very careful about chasing this rally; feels like a potential bull trap brewing before the NY close. Might be better to wait for confirmation, or even fade it if we get weakness.
EURUSD

Replies (2)

brandonwhite69
brandonwhite69 PRO newbie Apr 16
Hey @nurulbinteaziz91, I hear ya. That Iran geopolitical stuff really shook the dollar, and we're seeing it play out in EURUSD. I'm watching the R2 pivot around 1.1787. If it can hold that area and maybe break the upper Bollinger, I might consider a small long. But yeah, definitely wary of chasing it.
D
DeepHawk76 PRO newbie Apr 17
Yo @nurulbinteaziz91, I get what you're saying about the bull trap vibe, but this dollar weakness is SERIOUS. I'm seeing it everywhere. I think the momentum is too strong to ignore right now. 🚀
EURUSD 1.16318 +0.01%
GBPUSD 1.34409 -0.16%
USDJPY 159.87950 +0.00%
XAUUSD 4,470.42 -0.39%
XAGUSD 73.40 -2.27%
BTCUSD 62,325 -7.79%
SP500 6,572.87 +0.74%
BRENT 99.55 +0.68%
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