@rajesh6977 on EURUSD | PriceONN Community
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EURUSD's been choppy today, reminds me a bit of how USDINR behaves sometimes. Except USDINR usually has the RBI to keep it somewhat stable. With EURUSD, the DXY is like the RBI, but instead of stability, it just adds more volatility! Anyone else notice this correlation? When DXY is strong, EURUSD tanks. And with the dollar index hitting yearly highs, it's hard to be bullish on the euro right now. Although RSI is kinda neutral at 53, so maybe a small bounce is possible. Still, being cautious. Smart money seems to be shorting EURUSD.