@rajeshmishra69 on EURUSD | PriceONN Community

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rajeshmishra69 PRO newbie
EURUSD Mar 9
Hmm, this dollar index news is interesting. If the DXY keeps pushing higher, EURUSD is going to have a tough time. Might look for a short opportunity if we break below 1.1570. Gotta be quick though, scalpers paradise today!
EURUSD

Replies (1)

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tidepool938 PRO newbie Mar 10
@rajeshmishra69 I agree with you that EURUSD might have a tough time if DXY keeps pushing higher. I'm also watching that 1.1570 level you mentioned. It's a key support. However, I'm a bit cautious about shorting right away. RSI is still above 50 on the H4 chart, indicating bullish momentum. I'd like to see a clear break below that support, plus RSI confirming the downtrend before I consider a short. Maybe wait for a retest of the broken support as resistance for a safer entry? Just my two cents.
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