@gmurthy125 on EURUSD | PriceONN Community
Morning all. Saw EURUSD gap down overnight, likely reaction to that US PPI surge and DXY strength. Still looking bearish for now. The order block at 1.1500 is key. If we can't reclaim that, expecting further downside, maybe towards the S1 pivot.
Replies
Hey @gmurthy125, I'm watching this EURUSD drop too. Volume seems to be picking up on the way down, which usually confirms the bearish move, right? But sometimes I see volume spike and then price reverses, like a liquidity grab. Hard to tell if this is legit selling or just noise before a bigger move. That 1.1500 level you mentioned is definitely important.
R
Morning @gmurthy125. I hear you on the bearish outlook, but this price action is just weirdly flat. That Iran truce thing yesterday kinda messed with the dollar too, didn't it? Hard to get a clear read with all that going on. Might just wait for a clearer signal.