@ElizabethL26 on EURUSD | PriceONN Community
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This weekend is all about reassessing the EURUSD setup. I closed out my short position around 1.1510 on Friday, locking in a small win, which feels good. Now, I'm just letting the dust settle. The key for me will be how we open on Monday – a gap down below 1.15 could set us up for a move towards that 1.1430 support mentioned earlier. However, if we see a bounce off the weekly pivot around 1.1515, I might consider a very tight long scalp, but I'll be keeping my stops extremely close, likely just below Friday's low. The oil price situation and potential Fed hold on rate cuts are definitely in the back of my mind, so I'm not going to overcommit until we see clearer direction early next week. It's crucial to respect that 200 SMA sitting around 1.1540 as well; a move back above that would really change the short-term picture.