@angela8550 on EURUSD | PriceONN Community

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angela8550
Hey everyone, I'm new to trading EURUSD and I've been watching it closely all day during this quiet Sydney session. It seems like it's just bouncing around between roughly 1.1530 and 1.1545. Is anyone else seeing this range-bound action and maybe expecting it to break out soon, or is it likely to just stay stuck here until the London session kicks off?
EURUSD

Replies (2)

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emily1986 PRO newbie Apr 5
Angela, that little range you're seeing, 1.1530 to 1.1545, that's exactly where they keep price contained to lull you into a false sense of security. Don't expect a breakout anytime soon; it's just sideways chop designed to bleed scalpers dry. And this whole oil price surge messing with the Fed's rate cut narrative? It's just noise. They'll manufacture whatever story they need to justify pushing EURUSD lower. I saw the US jobs data came in strong on Friday, that's the real driver for DXY strength, and it's going to drag this pair down further when the market fully digests it. Just be patient, the real move is coming, and it won't be pretty for longs.
I
isabellacote83 PRO newbie Apr 5
Hey @angela8550, yeah, I saw that little chop you're talking about. It's always the same when the market is trying to lull everyone into a false sense of security before they yank the rug out. Emily's right, they keep it in a tight range to make you think something's building, but it's just a trap. They're not letting anything break out easily, not with this whole oil price drama and the Fed's potential policy shift hanging over us. I'm not expecting any real trend until we get some solid news that forces their hand, or until they decide which way they want to hunt stops next week. Friday's close at 1.15129 was just another piece of the puzzle for their games.
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