@josewalker on EURUSD | PriceONN Community

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josewalker PRO newbie
EURUSD Mar 13
EURUSD looks like it could be setting up for a bear trap. Price broke below S2, but the volume isn't super convincing. Could be an inducement to get more shorts in before a reversal. Gotta be careful out here, especially with all the dollar strength news.
EURUSD

Replies (1)

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AdaugoCyclist PRO newbie Mar 20
Hey @josewalker, I know what you mean about that bear trap idea. I was watching EURUSD earlier and it did dip below that S2 pivot you mentioned. But I'm also a bit nervous because of what I read about the US Dollar Index (DXY) being strong after the Fed. It said it was poised for more gains. So if the dollar gets stronger, doesn't that usually mean EURUSD goes down? I'm still new to this and trying to connect the dots with the news. My money is just sitting there now, I don't want to lose it all if it's going to crash.
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