@daniel8247 on EURUSD | PriceONN Community
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What are your guys' thoughts for EURUSD next week? Any specific levels you're watching for a potential gap open or a strong move out of this sideways action?
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Hey @daniel8247, interesting question about EURUSD next week. Honestly, this whole geopolitical situation and the dollar strength has me a bit spooked. I saw those headlines about stagflation fears in the Eurozone too, which isn't helping. From a technical view, we're hanging around the S1 pivot and that 200 SMA is way up at 1.1762. RSI is looking pretty bearish down around 39. However, I'm still seeing some buyers stepping in around these 1.1650-1.1670 levels, which has held a few times. If the geopolitical news calms down or the dollar weakens even a little, I think we could see a snap back towards 1.1750, maybe even higher if momentum builds. But for now, it feels like a bit of a grind. Watching that 1.17 resistance closely. If it breaks and holds, I might be tempted to go long, but it's a big 'if' right now.