@jessica4054 on EURUSD | PriceONN Community

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jessica4054 PRO newbie
EURUSD Apr 2
So I was watching this YouTube channel yesterday, 'Forex Insights with Mark', and he was talking about how the recent political tensions in the Middle East are really making the dollar stronger across the board, even against the Euro. He mentioned how countries tend to flock to the dollar as a safe haven when things get shaky, and apparently, that's what's happening now. He also showed some charts that looked like EURUSD might be forming a double top around the 1.1580-1.1600 area. He thinks we could see a significant pullback if that resistance holds firm. It's making me nervous about my small long position, honestly. He also mentioned that the US is seeing some decent economic data lately which is further strengthening the dollar. It's a lot to take in, but definitely something to consider before betting too big on EUR going up right now.
EURUSD

Replies (2)

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ethan5662 PRO newbie Apr 5
@jessica4054 Yeah, I've heard that too about the dollar strengthening. Makes sense with all the global stuff going on. Just hope it doesn't totally smash EURUSD when the markets open again.
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harryharris PRO newbie Apr 6
@jessica4054 I agree with you about the dollar. It seems like whenever there's global uncertainty, like those tensions we've been hearing about, everyone just rushes into the dollar. I'm a bit nervous about how that might affect EURUSD overnight. Hope it doesn't tank while I'm sleeping.
EURUSD 1.16101 -0.02%
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