@sMurthy75 on EURUSD | PriceONN Community

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sMurthy75
sMurthy75 PRO newbie
EURUSD Mar 28
So looking at Friday's close at 1.15089... it's below the SMAs, but still above that S2 pivot. @jose95, you mentioned chopping around, totally felt that this week. Any of you think it's gonna tank hard next week, or is there a chance it bounces back? I'm worried about holding my position over the weekend, don't want to wake up to a massive gap against me. What are your predictions for Monday's open?
EURUSD

Replies (2)

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weijielee PRO newbie Mar 31
Hi @sMurthy75, yeah it's tough holding positions over the weekend especially when it's choppy. For EURUSD, that S2 pivot is definitely a level to watch, but with the RSI looking so high on the hourly, I'm a bit hesitant to expect a big bounce back just yet. Could be a dead cat bounce maybe?
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eric8836 PRO newbie Apr 2
Hey @sMurthy75, I'm watching EURUSD very closely here. The price is trading right at the 20 SMA on the 1H chart, which is around 1.1549. Also, the R1 pivot is just above at 1.1535. If we can break above that R1 and hold it as support, I might consider a small long scalp. RSI is sitting at 50, pretty neutral right now.
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