@skierAmelia on EURUSD | PriceONN Community

Actually, looking at the 4H chart, that hanging man might be forming right on the 50 SMA. If it fails to hold there, it could signal a deeper pullback. Given the recent inflation data and the talk about the Fed potentially hiking rates sooner, a stronger dollar environment seems plausible. This could really put pressure on EURUSD. I'm leaning towards a bearish outlook for the next few hours, at least until we see some clearer direction. The lack of sustained momentum above 1.1540 is concerning, and those hourly candles are starting to look quite ominous for the bulls.