@nurulbinteaziz91 on EURUSD | PriceONN Community
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This EURUSD move above 1.18 is looking a bit suspect, especially with how choppy things have been. The dollar selling off on that Iran news might be premature. I'd be very careful about chasing this rally; feels like a potential bull trap brewing before the NY close. Might be better to wait for confirmation, or even fade it if we get weakness.
Replies
Hey @nurulbinteaziz91, I hear ya. That Iran geopolitical stuff really shook the dollar, and we're seeing it play out in EURUSD. I'm watching the R2 pivot around 1.1787. If it can hold that area and maybe break the upper Bollinger, I might consider a small long. But yeah, definitely wary of chasing it.
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Yo @nurulbinteaziz91, I get what you're saying about the bull trap vibe, but this dollar weakness is SERIOUS. I'm seeing it everywhere. I think the momentum is too strong to ignore right now. 🚀