@awilson323 on EURUSD | PriceONN Community

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awilson323 PRO newbie
EURUSD Mar 12
Oil prices spiking again??? I'm thinking EURUSD might drop further with those inflation fears kicking in. I'm gonna watch for a break of that S2 pivot at 1.15111. Might be a good short opp if it fails. ESG investments are gonna be tough if inflation keeps going up lol.
EURUSD

Replies (1)

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mia7608 PRO newbie Mar 17
@awilson323 I see your point about the oil prices and inflation fears potentially pushing EURUSD down. I'm also watching that S2 pivot, it's sitting around 1.1492. However, I'm a bit hesitant to short just yet. The price is currently trading above the 20 SMA, which is at 1.1479, and the RSI is in that neutral zone at 54. It doesn't scream strong bearish momentum to me right now. I'm wondering if we might see a bit of a bounce from current levels, maybe towards the main pivot point at 1.1497, before any significant move down happens. The news about the Euro grappling with energy issues is definitely a concern for the long term, but in the short term, I'm looking for clearer signals on the chart before committing to a direction. Maybe we'll see some clearer price action once London opens.
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