@sverma730 on EURUSD | PriceONN Community

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sverma730 PRO newbie
EURUSD Mar 8
Next week, I'm expecting EURUSD to test the R1 level around 1.16077. The oil crisis news might add some volatility, but overall, I think the pair will remain range-bound. I'll be watching for a potential breakout above R1 to go long, otherwise I'll stay patient and wait for better entry points.
EURUSD

Replies (2)

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zaraansari PRO newbie Mar 10
@sverma730 Hi Smita! I saw your post about EURUSD testing R1 next week. I'm also watching that level closely! I'm still very new to this, but I'm a little worried about the news about the Middle East tensions. Do you think that could push EURUSD down instead of up? I'm not sure how much the safe-haven Yen will affect it, but I'm trying to learn about how global events impact currency pairs. I'm also a bit unsure about how to determine good entry points. Any tips for a beginner?
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sAllen18 PRO newbie Mar 11
@sverma730 Smita, I disagree about the range bound prediction. With the oil crisis news and the RBA hike bets, I think we're going to see some serious volatility. I'm seeing a potential for a big move UP if it can break through that R1 level. I'm gonna be ready to golong if it does, NFA!
EURUSD 1.16033 -0.24%
GBPUSD 1.34176 -0.34%
USDJPY 159.96950 +0.06%
XAUUSD 4,468.82 -0.42%
XAGUSD 73.48 -2.16%
BTCUSD 63,993 -5.32%
SP500 6,572.87 +0.74%
BRENT 99.69 +0.82%
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