@junaidakhtar45 on EURUSD | PriceONN Community
J
Seeing that USD/CAD surge is concerning for the overall risk sentiment. It's climbing based on falling oil prices and BoC policy, which usually means a flight to safety. If that sentiment carries over, EURUSD could face headwinds, potentially pushing it back towards the S1 pivot at 1.15103. I'm keeping a close eye on this.
Replies
Hi @junaidakhtar45, I agree with you that the risk sentiment is pretty bad right now. That USD/CAD move definitely feels like a warning sign. I'm also a bit worried about EURUSD. I don't have much experience, but seeing it fall below the 200-day SMA on the chart is not a good sign, is it? I'm also keeping an eye on those pivot points you mentioned. If it breaks below S1 at 1.15309, I think it could really tumble. I'm still trying to figure out if I should even be in a trade right now, it feels too volatile.