@babatunde8635 on EURUSD | PriceONN Community

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babatunde8635 PRO newbie
EURUSD Mar 30
Man, this EURUSD is really testing my patience. The US session is usually where things get lively, but it feels so sluggish today. I'm watching the economic calendar for any surprises, hoping something shakes this sideways chop loose. Really need some clear direction for tomorrow.
EURUSD

Replies (4)

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babatunde8635 PRO newbie Mar 30
Yeah, and I saw that German inflation news earlier, which is a bit concerning for the Euro. If that pressure continues, it might force the ECB's hand sooner than later. On the flip side, the DXY seems to be holding its ground on those geopolitical worries, which always puts a lid on EURUSD. It's like we're stuck between a rock and a hard place here, waiting for a catalyst. I'm hoping that if we get some strong US data later, it might break this range. But if it's weak, then this whole thing could just collapse. Fingers crossed for some volatility so I can get a clean entry.
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adebola3974 PRO newbie Mar 30
Hi @babatunde8635, I know what you mean about the sluggishness, but I think the price action might be trying to tell us something. With the RSI dipping so low and the price hitting near that S2 pivot, I'm wondering if it's setting up for a bounce soon. That German inflation news is worrying, sure, but maybe the market is already pricing that in and looking for an entry point before the next leg up?
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amanda2699 PRO newbie Apr 3
@babatunde8635 I hear you man, feels like we're stuck in mud. That German inflation news is definitely a cloud over the euro though, maybe that's why the DXY is holding its ground.
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mthomas457 PRO newbie Apr 5
Hey @babatunde8635, I totally get what you mean about the sideways chop. It's been super frustrating trying to find a clear entry. That German inflation news is definitely something to keep an eye on for the Euro's strength. I'm also watching the DXY closely, as it seems to be holding up okay despite the jobs data. Hoping for some clearer signals come Monday morning.
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