@angelajones23 on EURUSD | PriceONN Community
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Looking back at the weekly candle, it wasn't a blowout but holding the 200 SMA at 1.1526 is key. The fact that the dollar weakened despite rising yields and geopolitical risks last week is still a major theme I'm digesting. It suggests market sentiment might be shifting away from pure risk-off, which could be a tailwind for EURUSD. If we can see sustained dollar weakness, I'm looking for a move back towards the 1.1700-1.1750 area. The 50 SMA is also starting to curl up nicely around 1.1523, which is a good sign. Need to see how Monday opens, especially with that inflation report looming.