@ryan9884 on EURUSD | PriceONN Community
Watching this EURUSD action closely today. With the ECB expected to hold rates, I'm wondering if that news is already priced in or if there's more reaction to come. The market seems a bit hesitant, possibly waiting for any hints about future policy changes. Could be an interesting session if any surprises pop up.
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And to add to that, I think the comments about the S&P 500 breaking resistance might be influencing the dollar a bit too. If US equities are strong, that usually means less demand for safe-haven dollars, which should support EURUSD.
J
Hey @ryan9884, I saw your post about the ECB and EURUSD. Honestly, I think any rate news from them is already baked into the cake. The real story is how the dollar is acting. You mentioned the S&P 500 breaking resistance, and that's exactly what I'm seeing. When US equities are pumping, why would anyone be buying EURUSD? It makes zero sense. They're just setting up to run stops below this 1.17 level. I wouldn't trust any signals right now, it's just a liquidity grab. The algorithms are clearly in control, pushing it down to where they want it before any real volatility kicks in.