@daniel85 on EURUSD | PriceONN Community
Given the current market sentiment driven by those oil price surges mentioned in and the general USD strength, I'm leaning towards a slightly bearish outlook for EURUSD in the short term. The 200-day SMA at 1.1564 is still a significant hurdle, and if that dollar strength persists, we could see a retest of the 1.1480s. It's a bit of a waiting game to see if the Fed blinks on rates.
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And that 1.1515 neckline resistance Michelle mentioned would be a good spot to watch for confirmation if any bullishness were to emerge.