@emilywilson84 - EURUSD | PriceONN Topluluk
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Can't sleep, so naturally I'm glued to the screen watching this London/NY overlap. The geopolitical stuff out there, especially with the oil prices fluctuating like crazy, is definitely adding some chop to the forex markets. Saw that headline about recession odds ticking up past 45% – if that gains traction, expect DXY to strengthen and EURUSD to get hammered. I'm leaning towards the bears here, especially with the RSI below 40 and failing to make any real headway. We're also seeing the 50 SMA acting as resistance just above current price. Personally, I'm looking for a clear break below 1.1570, maybe targeting that S2 pivot point at 1.1569, to confirm a short-term bearish move.