@ShadowFax25 on EURUSD | PriceONN Community

Hey @ShadowFax25, I saw that bearish engulfing too. Nice catch. But honestly, looking at the bigger picture, especially after that Fed statement yesterday, I'm not entirely convinced. They're trying to tame inflation but the economy is still accelerating, that's a tricky mix. Plus, the DXY took a bit of a dip on that geopolitical easing talk, which usually gives EURUSD a nice leg up. I was thinking of going long actually, targeting that 1.17 resistance. Maybe we're seeing a bit of a bull trap forming below the SMAs. I'll be watching the 200 SMA around 1.1720 for a stronger confirmation of a reversal. If it breaks that, then yeah, I'll be with you on the short. But for now, I'm feeling a bit more bullish.