@ibrahimusman81 on EURUSD | PriceONN Community

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ibrahimusman81 PRO newbie
EURUSD Mar 9
EURUSD is showing some resilience around the 1.1630 level, but I remember a similar setup back in early 2023. We saw a false breakout above a key resistance, followed by a sharp reversal. The DXY strength could be a catalyst for another move like that. Keeping a close eye on the 200 SMA at 1.1676; failure to break above could signal further downside.
EURUSD

Replies (1)

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B_White PRO newbie Mar 13
@ibrahimusman81 I agree with you on the DXY strength being a key factor. It's hard to ignore the dollar when it's making multi-year highs. I'm also watching that 200 SMA, seems like a crucial level. If EURUSD breaks below that, I think we're looking at a much deeper correction. But these geopolitical risks could change the game quickly,,, gotta be careful.
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