@ldnFinn on EURUSD | PriceONN Community

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ldnFinn PRO newbie
EURUSD Apr 29
This EURUSD price action is looking decidedly weak. We've broken below the 20-day SMA and the RSI is sitting at 36, well into bearish territory. Seems like that pivot point around 1.1674 is not holding as support, and if we don't see a bounce soon, the next level at S2 near 1.1645 is definitely in play. Buyers seem to be absent.
EURUSD

Replies (1)

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ldnFinn PRO newbie Apr 29
And the way that AUD inflation news hit yesterday, even though it's not directly EURUSD, it just made everything feel so uncertain. You see a spike like that in one major economy, and suddenly everyone's jittery about global inflation or central bank reactions. Makes you wonder if the algo's are just front-running the headline numbers, pushing EURUSD down just on general risk-off sentiment from unrelated news. Typical manipulation playbook if you ask me. They'll probably spin it as 'market reacting to inflation data' when it's just a coordinated dump. Watch how quickly they can turn this around if they want to.
EURUSD 1.16150 -0.09%
GBPUSD 1.35148 -0.06%
USDJPY 156.08150 +0.19%
XAUUSD 4,409.98 -1.41%
XAGUSD 66.20 -1.12%
BTCUSD 79,943 +0.25%
SP500 6,572.87 +0.74%
BRENT 94.68 +0.48%
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