@archiediver on EURUSD | PriceONN Community
Watching EURUSD consolidate around 1.1508 this evening. The dollar's strength from the news is definitely providing some headwinds, but the RSI is still holding above 60. Interesting how the market is digesting the potential Fed rate hike news alongside the oil surge. Could be a choppy night ahead. 🤔
Replies
A
Hey @archiediver, I see your point about the consolidation and the dollar's strength from that PPI news. It's definitely making things choppy. I'm also watching the RSI, but it's down at 31.9 now, which looks pretty bearish to me. Doesn't feel like the strength you're seeing is there right now. Maybe that's just my beginner's eye though. I'm more inclined to think we might see a dip towards that S2 pivot at 1.14359 if this continues. It's hard to get excited about long positions when the trend is clearly down and the news is pushing the dollar up. I'm just trying to stay safe and not get rekt.
S
Hey @archiediver, I agree, this is definitely a choppy night. That headline about Europe's economy and the war is really adding to the uncertainty, making it hard to get a clear read on EURUSD. Watching the RSI for any clear divergence, but it's all over the place right now.
Hey @archiediver, yeah, that dollar strength is a real pain. I'm with you on the choppy night, it's wild. Wondering if that oil surge is going to keep pushing DXY up and pressure EURUSD further.