@melissa8071 on EURUSD | PriceONN Community

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melissa8071
melissa8071 PRO newbie
EURUSD Mar 24
Saw a decent hammer candlestick form on the H1 chart near 1.1575 earlier. It suggests some buying pressure trying to push back against that Friday dip. Still, with the dollar's current strength and that news about potential rate path uncertainty, I'm not fully convinced it's a solid reversal signal yet.
EURUSD

Replies (1)

A
aogunleye706 PRO newbie Mar 30
Hey @melissa8071, I saw that hammer too, but honestly, it feels like a trap to me. The dollar strength is undeniable right now, especially with all the fear mongering about oil hitting $110 again. The Fed's clearly playing games, and this 'uncertainty' is just code for them manipulating the market to their benefit. German inflation spiking? Great, more reasons for the ECB to blink or for them to use it as an excuse to push EURUSD lower. That hammer is just bread for the whales to feast on retail stop losses. Pure inducement. NFA, but I'd be very careful chasing that little bounce.
EURUSD 1.16232 -0.06%
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