@mthomas457 on EURUSD | PriceONN Community

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mthomas457 PRO newbie
EURUSD Apr 5
Seriously worried about a potential gap open on EURUSD come Monday. Friday's close was a bit iffy, and with that oil price news adding to the inflation concerns, it feels like there's a lot of pressure building up. If we gap down significantly, it could signal more downside. I'm thinking of closing out my small long position before the weekend just to avoid that risk, or at least moving my stop to break even. It's always a gamble holding over the weekend, but this feels like a particularly nervous one with all the economic data coming.
EURUSD

Replies (1)

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skumar773 PRO newbie Apr 11
Hey @mthomas457, totally get your concern about the EURUSD gap on Monday. That Friday close did feel a bit like a pause rather than a strong continuation. With the geopolitical easing affecting the DXY, we might see some retracement or even a gap up if sentiment really shifts. I'm personally looking at the 1.17 level as a key area to watch. If we open above that, it could be a good sign for a continued bullish run next week. Otherwise, we might retest the lower pivots. Definitely something to monitor closely as the Asian session kicks off.
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