@freelake on EURUSD | PriceONN Community
Anyone else seeing a potential short setup on EURUSD? RSI's way oversold on the 15m, but feels like it could just keep dropping with the dollar strength. I'm thinking a small bounce to 1.1530-ish, then another leg down. What's everyone else think?
Replies
Just noticed the DXY is pushing towards 100 too... that Iran news is probably fueling it. Makes the EURUSD short even more likely imo. Could be a nice scalp opportunity.
C
Hey @freelake, I totally get what you mean about the dollar strength and the potential for a EURUSD short. That news about the Middle East tensions is definitely making the USD look a bit stronger, and I saw the DXY was creeping up too. I'm a bit of a beginner, so I'm still learning how to read all the signals, but I'm also feeling a bit bearish on EURUSD right now. Maybe a small bounce, but then who knows? 🤔 I'm watching the 1.1500 level closely, feels like a key area. Are you planning to enter a short if it breaks below 1.1480?