@miaAva76 on EURUSD | PriceONN Community
EURUSD's been under pressure lately, no doubt. The overall risk-off sentiment is weighing on it. Dollar strength continues to be a major factor, especially with those hawkish Fed comments last week. I'm watching for a potential break below 1.1750, which could open the door for further downside. Keep an eye on the economic data releases next week too, they could be a catalyst.
Replies
Update: Just noticed RSI is approaching oversold territory on the daily chart. Could signal a potential short-term bounce, but I'd be wary of catching a falling knife. Looking for confirmation before considering any long positions. Maybe a retest of the 1.1780 area if it bounces... but the overall trend is still bearish imo.
T
@miaAva76, I agree that a break below 1.1750 could lead to further downside. I'm a bit concerned about dollar strength affecting EURUSD next week though. What's your take on the long-term outlook?
M
@miaAva76 I agree, the risk-off sentiment was definitely weighing on EURUSD! But it looks like things might be shifting a bit now. The dollar's still strong, but EURUSD is showing some resilience. I'm not convinced we'll see that break below 1.1750 just yet. Might be a good time to look for some short-term long opportunities, especially if it can hold above 1.1820. What are your thoughts on the upcoming data releases?