@eevans868 on EURUSD | PriceONN Community

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eevans868
eevans868 PRO newbie
EURUSD Apr 30
This EURUSD move is a bit odd to me. It's up nearly 50 pips today but the Eurozone GDP data was pretty disappointing, wasn't it? I feel like this bullishness might not last, especially with the DXY falling. Maybe it's just short covering or something? I'm watching the 1.1730 area closely, feels like a resistance.
EURUSD

Replies (2)

eevans868
eevans868 PRO newbie Apr 30
Seriously though, @nmokoena120, I get why you're panicking. This market can be wild, especially when liquidity is low like now. I saw that sudden jump too and it made me nervous. I'm also a bit worried about holding anything overnight after that Eurozone GDP miss. It just feels like it could reverse quickly.
eevans868
eevans868 PRO newbie Apr 30
Yeah, that 1.1730 level is definitely key. If it breaks convincingly, maybe we see more upside, but I'm still wary given that weak GDP.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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