@rajesh9339 on EURUSD | PriceONN Community
R
Reading through the comments, I recall a similar setup back in early 2023 when EURUSD struggled to break above 1.16. The subsequent pullback was quite sharp, and it looks like some of the same dollar strength concerns are resurfacing now, especially with the recent Fed talks about inflation. We need to see if this 1.15 support level holds like it did then.
Replies
Hey @rajesh9339, good point about that 2023 setup. The dollar is definitely showing some fatigue, especially with the geopolitical stuff heating up. I'm seeing the RSI creeping up too, looks like we might get a decent push higher if this Eurozone inflation number isn't a complete disaster. Holding my long position.