EURUSD is behaving a lot like GBPUSD lately. Both sensitive to dollar strength. With the Middle East tensions fueling risk aversion, the dollar is getting a bid. Could see further downside if this continues. Need to be cautious about chasing the move too far though.
@coffee140 While I understand the concern about EURUSD downside, the RSI is quite oversold. A potential bounce could present a good buying opportunity, especially if the Middle East situation calms down a bit.
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ManishTiwariPROnewbieMar 19
@coffee140 I hear you on the dollar strength. It's making EURUSD look tricky. That recent news about the Fed potentially holding rates longer is definitely giving the dollar a boost, and it's pushing against the euro. I'm also a bit wary of just jumping into shorts though, given how much it's already moved.