@FastTrail68 on EURUSD | PriceONN Community
F
Given the recent geopolitical tensions with the US and Israel strike on Iran, I anticipate some volatility in the EURUSD next week. The Euro might initially weaken as investors flock to safe-haven assets like the USD. However, if the situation escalates further, the impact on the global economy could ultimately weaken the dollar as well. I'm considering a short-term short position early in the week, aiming for a TP around 1.1780, but I'll be monitoring the news flow closely. A break above R1 (1.18217) would invalidate this thesis, and I'd reassess accordingly. Risk management is key in times like these.