@jessica92 on EURUSD | PriceONN Community

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J
Hello everyone, I'm new here and trying to get a handle on EURUSD. I saw the price dip below 1.1520 today, and it looks like it's struggling to get back up. Is anyone else watching that 1.15168 pivot level? I'm wondering if it's a strong support or if we might see it break through given the bearish trend today.
EURUSD

Replies (1)

J
jessica92 PRO newbie Mar 26
Actually, on second thought about that 1.15168 level, I'm getting a bit worried. The news about the dollar potentially weakening, like @deepGlen1 mentioned, is confusing me. If the dollar is losing its safe-haven appeal, why is EURUSD still moving down so much? It feels like something is off. I'm also seeing that the 200-period SMA is sitting around 1.15449, which is above the current price. Maybe that's acting as resistance? This whole situation with geopolitical tensions affecting energy prices and then somehow making the dollar weaker... it's a lot to take in. I'm really hoping it doesn't just keep falling from here.
EURUSD 1.16197 -0.09%
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