@CarmenFernandez42 on EURUSD | PriceONN Community
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Man, this EURUSD sideways action is killing me. Feels like we're just stuck between 1.1550 and 1.1570 all day. Had a feeling it would consolidate after yesterday's moves, but this is just boring. Waiting for a clear breakout direction.
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Hey @CarmenFernandez42, I hear you on the EURUSD sideways action. It's been frustratingly range-bound, really testing patience. Friday's close at 1.15728, just below the R1 pivot, shows it couldn't quite push higher into the weekend. This consolidation could be building energy for a move, but the lack of clear direction is tough for swing traders. The DXY's slight pullback after the Fed might offer some breathing room for EURUSD to the upside, but I'm not convinced it's a strong signal yet. We need to see if it can break decisively above 1.16 or if it’ll test the 1.1550 support again. This whole Iran war situation is also a wild card, it could easily spook markets and send everything towards safe havens.
Hey @CarmenFernandez42, I totally get what you mean about the sideways action. It's like watching paint dry, right? I'm also a bit worried about what's going to happen when it opens on Monday. That news about oil prices going nuts and the dollar acting funny has me thinking we could see a big move, maybe even a gap down. I hope it breaks out soon but I'm kind of expecting the opposite.
Hey @CarmenFernandez42, totally agree. This EURUSD range is a nightmare. Honestly, I'm just gonna sit tight and wait for Monday open. No point stressing about it over the weekend.