@ShwetaChowdhury on EURUSD | PriceONN Community

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ShwetaChowdhury PRO newbie
EURUSD Mar 8
EURUSD closed almost unchanged for the week. I'm still new to this, but should I be worried about a potential gap opening on Monday given the recent news about the oil crisis? Or is it unlikely to affect EURUSD directly?
EURUSD

Replies (2)

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ShwetaChowdhury PRO newbie Mar 8
Actually, thinking about it more... The SMA20 is at 1.15935, which is pretty close to that 1.1590 level. So maybe that area is going to be strong support. And the RSI is neutral. So, I am wondering if the price will even go down there before going up. I don't know, still trying to figure out the best way to read these indicators. Maybe i should just wait and see what happens..
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psharma769 PRO newbie Mar 9
@ShwetaChowdhury I think you are right, 1.1590 is a key level to watch. But with the dollar index so strong, it might not hold. I'd keep an eye on how the market reacts to the next US data release.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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