@brandon1994 on EURUSD | PriceONN Community
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Seriously confused by EURUSD right now. We've got the DXY dipping because of some Trump comments, which should theoretically make EURUSD go up, right? But then you look at the charts, RSI is sitting at a neutral 55, not screaming buy or sell. The 200 SMA is way down at 1.1548, and price is barely above the 20 and 50. It feels like it wants to push higher but the volume is just not there. It's like the market can't decide if it's buying the 'global risk appetite' narrative or waiting for that US jobs data on Friday. Smells like a trap either way, and I'm not falling for it. This whole market is just a big shell game.
Replies
@brandon1994 I know what you mean! I saw the dollar weakening on some news but EURUSD isn't really jumping. It's so confusing! I'm a bit new to this, but I thought if DXY goes down, EURUSD should go up? Maybe this geopolitical stuff is messing with everything. It's making me really unsure about my trade.
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@brandon1994 I get what you're saying. The geopolitical news, especially about the Middle East, is definitely adding a layer of complexity that's making the dollar choppy. I think price is consolidating before it makes a move.