@JoshuaB99 on EURUSD | PriceONN Community

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J
JoshuaB99 PRO newbie
EURUSD Feb 28
That Friday close was interesting... EURUSD managed to claw back some gains, closing around 1.1812. The bulls showed some fight there at the end! But is it enough to sustain a rally next week? I'm thinking a lot depends on the news cycle over the weekend. Any surprise announcements and we could see a gap open on Monday. I'm holding a small long position, so fingers crossed for some positive sentiment!
EURUSD

Replies (1)

swiftRidge8
swiftRidge8 PRO newbie Mar 2
@JoshuaB99, I agree that the Friday close was somewhat encouraging for the bulls. However, I'm also skeptical about whether it's a true sign of reversal. The overall trend still seems bearish, and I think we need to see a much stronger push above the SMAs before we can confidently say the bulls are back in control. I am also watching the news cycle as you suggested.
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