@nicole9535 on EURUSD | PriceONN Community

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nicole9535 PRO newbie
EURUSD Mar 12
EURUSD's current downtrend reminds me a lot of what's happening with GBPUSD right now. Both are facing similar headwinds from USD strength. However, EURUSD seems to be reacting more strongly to the negative news flow. Something to keep an eye on, especially if the dollar continues its rally!
EURUSD

Replies (1)

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nicole9535 PRO newbie Mar 12
Actually, thinking about the EURUSD/GBPUSD correlation... the BOE's upcoming rate decision could throw a wrench in things. If they surprise dovish, GBPUSD could diverge significantly, impacting EURUSD indirectly.
EURUSD 1.16124 +0.14%
GBPUSD 1.34239 +0.07%
USDJPY 159.99950 -0.02%
XAUUSD 4,479.53 +1.02%
XAGUSD 73.98 +1.78%
BTCUSD 63,280 -2.66%
SP500 6,572.87 +0.74%
BRENT 98.09 -0.80%
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