@darkpool643 on EURUSD | PriceONN Community
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EURUSD reminds me a bit of AUDUSD tbh, same dollar strength impacting both. But AUD has commodity price support, EUR doesn't have that rn. Maybe short term EURUSD goes lower, but long term I'm not so sure. Need to see how ECB reacts to these oil prices.
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Hey @darkpool643, interesting comparison with AUDUSD. I agree the commodity factor is a big difference. On EURUSD, I'm watching that 1.15 resistance level closely. If we can break through that, especially with the ongoing energy cost pressures hitting the Eurozone, then maybe we see a sustained move up. But the DXY is still pretty strong due to those geopolitical tensions, which is capping EUR upside. I'm leaning towards a neutral to slightly bearish outlook for now unless we get a clear break of 1.15 on decent volume. The ECB is in a tough spot with inflation. What are your thoughts on the short-term outlook given the current price action around the R1 pivot?