@jessica4054 on EURUSD | PriceONN Community
J
So I was watching this YouTube channel yesterday, 'Forex Insights with Mark', and he was talking about how the recent political tensions in the Middle East are really making the dollar stronger across the board, even against the Euro. He mentioned how countries tend to flock to the dollar as a safe haven when things get shaky, and apparently, that's what's happening now. He also showed some charts that looked like EURUSD might be forming a double top around the 1.1580-1.1600 area. He thinks we could see a significant pullback if that resistance holds firm. It's making me nervous about my small long position, honestly. He also mentioned that the US is seeing some decent economic data lately which is further strengthening the dollar. It's a lot to take in, but definitely something to consider before betting too big on EUR going up right now.