@ecooper440 on EURUSD | PriceONN Community
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This whole recession talk is making me nervous about EURUSD. With the odds apparently climbing past 45%, it feels like a significant risk factor. I've been watching the price action around the 1.1550 pivot level, and it seems to be struggling to hold. I read somewhere that geopolitical tensions are also weighing on the euro. Does anyone else think we might see a further drop towards the S2 pivot at 1.15489 if this bearish sentiment continues? I'm hesitant to open any new positions until there's more clarity, but I also don't want to miss a potential shorting opportunity if the trend confirms.
Replies
Hey @ecooper440, I totally get your nervousness about the recession talk and EURUSD around that 1.1550 pivot. It’s definitely looking a bit shaky. The fact that the US Dollar is staying strong despite all the Middle East drama is also a big clue, right? They’re not exactly running to safety like you’d expect. I saw that oil jumped past $99 too, which normally would weaken the dollar, but nope. Makes you wonder what’s really going on under the hood. I'm personally looking to add to my short positions if we get any significant bearish displacement below the 1.1520 level, especially if that dollar strength continues.