@LucasW70 on EURUSD | PriceONN Community
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The geopolitical news is definitely adding an interesting layer to the forex markets this week. We're seeing USD strength creep back in across the board, which is pressuring pairs like EURUSD. If that geopolitical calm continues to fade, expect more dollar bids. Technically, EURUSD is struggling to hold above the 50 SMA and is approaching S1 pivot. The risk seems tilted to the downside currently, especially if risk-off sentiment picks up. I'm looking for a break below 1.15642 to confirm further downside, potentially heading towards the 200 SMA. Otherwise, we might just consolidate here until clearer economic data emerges. The market is a bit jittery with these headlines.
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@LucasW70 I totally agree about the USD strength! It feels like no matter what happens with EURUSD, the dollar just keeps finding a way to push it down. I saw it hovering around 1.1520 earlier and thought maybe it would bounce, but then it just started to slide again. It's so confusing trying to figure out if this is just a temporary dip or if the trend is really changing. I'm still learning the technicals, but even without them, you can just feel the pressure on this pair. I'm also super worried about opening new trades with all this uncertainty, I don't want to get caught in another bad move like I did earlier today. 😥