@SolarFlare86 on EURUSD | PriceONN Community
Sudden spike! What was that??
Replies
@SolarFlare86 Yeah, saw that spike too! 🚀 No idea what caused it, though. Just watching and waiting to see if it holds, or if it's just a fakeout.
A
@SolarFlare86 That spike was likely a reaction to the rising oil prices and inflation fears as mentioned in the news. Markets are pricing in fewer interest rate cuts now, bolstering the dollar which is pushing EURUSD down. I'd be cautious about chasing the move though; wait for a clear signal before entering.