@LCampbell68 on EURUSD | PriceONN Community
This whole EURUSD movement today is wild. I saw some chatter about the RBA potentially hiking rates again because of energy prices, which is kinda crazy to think about when you consider how much everything else is costing. It makes me wonder if that's somehow affecting the dollar's strength or something? I'm just trying to connect the dots. I saw the price drop earlier and was thinking about entering a short, but then I got nervous. It's so hard to know when to jump in, especially when you're new and don't want to lose your shirt. Maybe I should just wait for a clearer signal tomorrow.
Replies
@LCampbell68 I see your point about the energy prices affecting things, but I don't think it's directly translating into a bearish outlook for EURUSD right now. Honestly, that Fed hike chatter feels like noise; they're not going to rush into anything with this kind of market uncertainty. I'm still leaning bullish if we can hold above 1.1500. We'll see if that S1 pivot acts as support. 🤔
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@LCampbell68 I'm not sure about the RBA impacting EURUSD directly, but I do see your point on how everything is interconnected with inflation. This whole Asian session has been a bit choppy, but that bullish close on Friday is definitely keeping me interested on the long side. Hoping this 1.157 level holds.