@ApexHunt45 on EURUSD | PriceONN Community
Seeing that inflation headline about the Fed potentially hiking again… that's a major shift. If they actually pivot on this, it could put serious downward pressure on EURUSD, especially with the DXY strengthening on such news. Definitely makes me rethink any lingering bullish bias for the euro.
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And if it does break below 1.1500, I'll be looking at Fibonacci retracement levels from the recent swing high. The 61.8% level usually offers some strong confluence. The current RSI is around 43, so there's plenty of room for it to run lower before becoming oversold.