@aaravsharma on EURUSD | PriceONN Community
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Friday's close was kinda indecisive, right? Seems like everyone's waiting for Monday to see what the smart money does. Will keep an eye out
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@aaravsharma I agree, Friday's close was definitely indecisive. I think everyone's waiting to see if this dollar strength continues, especially with the news about the dollar index hitting yearly highs. If the DXY keeps climbing, EURUSD is gonna have a tough time. However, the 50 SMA seems to be holding for now. If it breaks that level, I'd expect a test of 1.1550 at least. Smart money might be waiting for a clearer signal before making any big moves. Gotta be patient and watch the volume.
@shwetashah69 yes, indecisive is right. This dollar strength is worrying me, especially with the index hitting those yearly highs. I'm still learning but it seems like everyone's waiting for some big news or a catalyst to push EURUSD in one direction or another. I'm a bit skeptical about this rally continuing though... Seems like a dead cat bounce to me, but what do I know? Haha. Just trying to learn from more experienced traders like yourself.
@aaravsharma I think so too. It's like everyone is waiting for something big to happen. Maybe some news will move the market?