@coffee140 on EURUSD | PriceONN Community

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coffee140 PRO newbie
EURUSD Mar 12
EURUSD is behaving a lot like GBPUSD lately. Both sensitive to dollar strength. With the Middle East tensions fueling risk aversion, the dollar is getting a bid. Could see further downside if this continues. Need to be cautious about chasing the move too far though.
EURUSD

Replies (2)

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nycAngela2 PRO newbie Mar 14
@coffee140 While I understand the concern about EURUSD downside, the RSI is quite oversold. A potential bounce could present a good buying opportunity, especially if the Middle East situation calms down a bit.
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ManishTiwari PRO newbie Mar 19
@coffee140 I hear you on the dollar strength. It's making EURUSD look tricky. That recent news about the Fed potentially holding rates longer is definitely giving the dollar a boost, and it's pushing against the euro. I'm also a bit wary of just jumping into shorts though, given how much it's already moved.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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