15
Impact of $EURUSD Volatility on FX CFDs
The recent movement in $EURUSD (~1.14202, down 0.44%) has created some interesting intraday setups for those trading FX CFDs. What are some key technical levels or news drivers you're watching that could further influence its direction this week? Particularly interested in how larger institutional flows might be impacting liquidity.
2 comments · 15 points
I'm seeing some strong resistance around 1.1450, and if it breaks, we could test 1.1500 pretty quickly. The upcoming ECB press conference is definitely going to be a major driver.
I agree the ECB is key, but I'm also watching the DXY closely. Any significant move there could easily negate the technicals on EURUSD, especially with current liquidity being a bit thin.