@smita859 on EURUSD | PriceONN Community

Actually, thinking about it more... that 1.18598 level (S2 pivot) might be a stronger support than I initially thought. If it breaks below that, we could see a deeper dip towards 1.1850 or even lower. I'll adjust my plan accordingly on Monday morning after seeing the opening. It's all about risk management, right? Also gotta consider news events next week. If we get any surprises, all the technical analysis goes out the window lol. Better to be prepared for anything!

update: Thinking of placing a small buy order near 1.1860 just in case it bounces from there early next week. SL around 1.1850 maybe?

Yeah @smita859, I agree it closed pretty flat. But that RSI is still kinda neutral, not giving us much to work with tbh. Those SMAs being so close together are making me nervous though. Could go either way depending on the news this week. Will keep an eye on it.

@smita859, I concur with your observation regarding the SMAs. The convergence does suggest indecision. However, given the prevailing bearish trend and the RSI reading, I am inclined to believe that a downward breakout is more probable than an upward surge. I am closely monitoring price action for confirmation.