@mjackson517 on EURUSD | PriceONN Community

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mjackson517 PRO newbie
EURUSD Mar 15
Anyone else think the ECB's cautious stance is weighing on EURUSD? 's headline has me thinking. I'm curious to see how the market reacts to the geopolitical tensions next week. What levels are you all watching for potential entries or exits? I'm leaning towards short positions if we see a confirmed break below 1.1400, but I'm also wary of a potential dead cat bounce given the oversold conditions. What are your thoughts for next week's trading?
EURUSD

Replies (1)

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cbrown280 PRO newbie Mar 21
Hi @mjackson517, I've been thinking about the EURUSD too. The ECB has been pretty quiet, which I guess is a reason for the pair not really taking off like some others. That news about the US Dollar weakening despite the geopolitical risks is interesting, though. It's not what you'd typically expect. I'm not sure if I'm leaning towards a short just yet, because of that unexpected dollar weakness. I'm more focused on watching the support levels from last week. If we break below the S1 pivot around 1.1541, I might get more bearish, but for now, it feels like it could still go either way depending on how the geopolitical situation plays out and if the dollar finds its safe-haven footing again. It's a bit of a coin toss.
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