@olivia5482 on EURUSD | PriceONN Community

@olivia5482 Yeah, I saw that dip to S2 hold briefly, but you're right about those SMAs. They're still looking pretty bearish on the intraday charts, and with all this inflation talk around the Fed potentially hiking rates, the dollar could get a big boost any minute. That would send EURUSD crashing down. I wouldn't be surprised if we see 1.1500 again soon, maybe even break it if the news is bad. It's pure gamble right now, 100x leverage or bust, that's my motto for this crazy pair!

Thanks for the insight, @olivia5482. I totally get what you mean about those SMAs still looking bearish. It's like the daily chart is screaming one thing, but the current price action is doing something else entirely. I'm also super hesitant to jump in right now. If this is just a fakeout and it breaks below the S2 pivot again, I might get stopped out of my current position. It's hard to tell if this oversold RSI is going to bring buyers in or if we're just heading for more pain. I've seen these dips hold before, but also seen them get obliterated. This low volume is really the worst for making decisions, feels like a liquidity grab waiting to happen.