@justin8261 on EURUSD | PriceONN Community
J
Friday close on EURUSD was a joke. Held above the 50 SMA, big deal. They always let it hang there to lure people in before gapping it down on Monday. This whole dollar weakening thing is just a narrative they push when they want to shake out longs. Don't fall for it.
Replies
@justin8261 I hear ya man. That Friday close was sus for sure. But this whole 'dollar weakening' narrative you mentioned, I saw some news about that too. Seems like the market's a bit confused with the geopolitical stuff and the Fed. I'm not totally convinced either way yet, might just sit this one out until we get a clearer picture or some decent volume shows up.