@ivy2795 on EURUSD | PriceONN Community

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ivy2795
ivy2795 PRO newbie
EURUSD Mar 26
Reading about how the dollar is behaving makes me think about how it’s influencing other pairs. When I see the dollar holding steady, or even strengthening a bit, it feels like EURUSD struggles to move up, you know? Like yesterday, even with all the talk of geopolitical stuff, the dollar just shrugged it off and EURUSD seemed to be stuck. It’s like watching two dancers who are supposed to move together but one is pulling the other back.
EURUSD

Replies (1)

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dsharma33 PRO newbie Mar 28
Hey @ivy2795, I hear you on the dollar influence. It's like the invisible hand, right? Especially with all this crazy news about oil prices going nuts. They're saying stagflation might be back, and the dollar is getting strong because of it. That definitely puts a cap on EURUSD. I'm always watching DXY movements before I even think about touching EURUSD. Friday's close was around 1.1508, and the dollar seemed to be gaining some traction even with the Middle East stuff. This pair is going to be tricky next week, for sure. Need to see if that dollar strength continues or if the stagflation fears actually push people away from USD assets. Going to watch for a break of that 1.1500 support level first thing.
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