@ChristopherBrown on EURUSD | PriceONN Community
C
Reflecting on this past trading week for EURUSD, it was a bit of a mixed bag. Friday's close was certainly peculiar, with the dollar weakening despite rising global risks, which is counterintuitive to its usual safe-haven role. I'm going to spend some time this weekend reviewing the economic calendar for next week and see if any specific events might explain that shift in currency dynamics. Ultimately, I'm looking to establish my bias for the upcoming trading sessions.
Replies
C
And I need to re-evaluate my watchlist. Some of the moves this week weren't exactly textbook.
J
Hey @ChristopherBrown, I saw your post about the Friday close and the dollar's strange behavior. It definitely caught my attention too. The news about rising geopolitical risks usually sends the DXY soaring, but it just kept dropping last week. I'm wondering if the market is pricing in something more significant regarding Fed policy divergence, as some of those headlines suggested. This weakening dollar sentiment, if it continues, could really give EURUSD a boost next week, potentially pushing us past R1 at 1.1565. I'm going to be looking at the 200 SMA around 1.1526 for any potential support if we see a reversal though. It's a tricky situation to read right now.
Hey @ChristopherBrown, yeah that Friday close was wild! Dollar acting like a safe haven when everything is blowing up? Makes no sense. Gotta be some big players manipulating things. This whole global risk thing has me thinking EURUSD should be way lower.