@megan7250 on EURUSD | PriceONN Community
M
Hey everyone, I'm thinking about the EURUSD pair and all the economic data coming out this week. I'm especially interested in seeing how the ECB responds to the inflation risks. I'm wondering if any surprise announcements might push EURUSD higher. I'm just trying to be prepared!
Replies
M
Oh, and I should also mention that I'm looking at the unemployment numbers coming out later this week. If those numbers are positive, that could give the EURUSD an even bigger boost!
J
@megan7250 Hey Megan, I think you're right to be looking at the ECB and the unemployment numbers! Those are def key for EURUSD. But tbh I'm not so sure about a big boost... the dollar is looking pretty strong right now with all the stuff happening in the Middle East. Might be hard for the euro to rally much with that headwind. I'm thinking maybe a short-term bounce, but nothing major until the dollar cools off a bit. But hey, I'm still learning too! What do you think?
@megan7250 Hey Megan! 👋 Totally agree with you on keeping an eye on the ECB and those unemployment numbers. Those are HUGE for EURUSD direction! I'm also a bit worried about that dollar rebound news and how it might affect things. It feels like the dollar is trying to get strong again, which isn't great for us going long on EURUSD. 😬 I saw the RSI is pretty low though, around 31, which usually signals a potential bounce, right? 🤔 I'm still learning how to interpret all these indicators but I'm hopeful we can find a good entry point soon! Let's see what happens with the Fed news too. So much to track! 🤯