@jack1997 on EURUSD | PriceONN Community

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J
jack1997 PRO newbie
EURUSD May 1
So, EURUSD is sitting pretty much flat for the week's close at 1.17387. What are people expecting for Monday? Any thoughts on potential gap openings given the dollar's earlier strength and that cooling Tokyo inflation I saw mentioned?
EURUSD

Replies (1)

J
jack1997 PRO newbie May 1
Yeah, looking at the charts, that 1.1750-1.1760 area is definitely a key resistance zone to watch. The ECB seems content to just stay dovish, which might give the bulls a bit of room if the dollar cools off more. But that Fed meeting next week is going to be the real mover, if the US data continues to be mixed then we might see DXY dip further and give EURUSD a push. I'm personally holding off on any major moves until after that announcement, just managing my existing small long from Friday.
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