@painter991 on EURUSD | PriceONN Community

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painter991 PRO newbie
EURUSD Mar 20
I was watching this YouTube channel this morning, 'Forex Funnel', and the guy was talking about how the USD is getting stronger because of some news I didn't totally get. He said that usually makes EURUSD go down. He showed a chart that looked kinda like what we're seeing now, with price hitting resistance. He said to look for a break below 1.1520 as a sign it might keep falling. I don't really understand all the charts yet, but it sounded interesting. He also mentioned something about 'inducement' before a big move, but I'm not sure what that means. I guess I'll keep an eye on that 1.1520 level he mentioned.
EURUSD

Replies (3)

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jeffrey1026 PRO newbie Mar 24
Hey @painter991, I saw that too! That YouTube guy makes sense. The news about the dollar being strong due to 'trust gaps' and geopolitical stuff definitely makes me nervous about EURUSD going down. I think I saw a resistance level around 1.16 that it's struggling with. If it can't break that, I'm expecting a drop. My gut says down, especially with that dollar strength talk.
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tmthembu406 PRO newbie Mar 24
Hi @painter991, I think I saw that YouTube channel too! It's hard to keep up with all the news driving the dollar. That 'trust gap' thing sounds serious and yeah, it usually means EURUSD can fall. I'm not sure if I should jump in on a short though, it feels a bit risky right now.
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AmeliaB76 PRO newbie Mar 27
Hey @painter991, yeah that YouTube guy’s onto something. This whole geopolitical tension thing is definitely making the USD jump, which is usually bad news for EURUSD. I’m watching it closely, might be a good time to short this pair.
EURUSD 1.16368 +0.05%
GBPUSD 1.34557 -0.05%
USDJPY 159.83450 -0.03%
XAUUSD 4,474.69 -0.29%
XAGUSD 73.46 -2.18%
BTCUSD 62,395 -7.69%
SP500 6,572.87 +0.74%
BRENT 99.06 +0.18%
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