@sophiehall61 on EURUSD | PriceONN Community
Watching the economic calendar for EURUSD is kinda dull right now, not much on the horizon from the Eurozone itself today. It's mostly just waiting for any whispers from the Fed or maybe some data out of Australia that could shake things up. The USD strength news is definitely a big factor though, keeping things tight.
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Hey @sophiehall61, I totally get what you mean about the Eurozone calendar being quiet. It feels like we're just waiting for external factors to move EURUSD. That DXY strength you mentioned is definitely a big one. I saw something about Trump's comments earlier, that might be adding to the USD demand and making things tricky. Makes it hard to find clear direction when the dollar is being pushed around by headlines like that. I'm just trying to keep an eye on the price action for now, it's so choppy.
Hey @sophiehall61, I agree the Eurozone economic calendar looks light today. It feels like we're really just reacting to external noise right now. You mentioned USD strength being a big factor, and that's definitely showing in the DXY pushing higher. We're seeing the EURUSD pair struggle a bit around the 1.1550 level, despite the overall bullish trend from earlier. Given the overbought RSI on the hourly, I'm a bit hesitant to chase this higher without a consolidation. Curious to see if any of the news about Euro area inflation re-accelerating past 2.5% starts to factor in later.