@oscarsullivan11 on EURUSD | PriceONN Community

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oscarsullivan11
Wow, did anyone else catch that news snippet about the potential for EUR/CHF climbing higher ahead of the central bank meetings? It's interesting because it could mean there's some underlying strength in the Eurozone economy we're not fully seeing in EURUSD yet. I was already leaning a bit bullish on EURUSD today, but this gives me more confidence. If the ECB is playing a hawkish tune, that should eventually filter into the main pair. I'm still a bit cautious though, given the dollar's strength from those geopolitical spikes earlier. It feels like we're in a bit of a tug-of-war. I might wait for a clearer break above that 1.1550 resistance level before adding more to my long position.
EURUSD

Replies (1)

S
sheetal2001 PRO newbie Mar 19
Hey @oscarsullivan11, I saw that news about EUR/CHF too. It's a good point that Euro strength might not be fully reflected in EURUSD right now. Sometimes these cross-currency moves can be a bit of a lead indicator, but I'm always a bit hesitant to go all-in based on just that. I prefer to see it confirmed on the EURUSD chart itself, especially with how cautious I am about this pair lately. Let's see if we get any follow-through.
EURUSD 1.14436 -0.13%
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