@trueshore on EURUSD | PriceONN Community

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trueshore PRO newbie
EURUSD Mar 8
EURUSD next week... I'm thinking we might see a push towards 1.1650 if the dollar weakens at all. The 50 SMA is acting as support for now, so that's something to watch. If that breaks, though, we could easily see a dip down to 1.1580. NFA!
EURUSD

Replies (3)

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trueshore PRO newbie Mar 8
And about my prediction for next week... if the oil crisis news continues to escalate, I think we could see some serious volatility in EURUSD. A stronger dollar could definitely push it down further. I'm keeping an eye on the 200 SMA on the D1 chart, that's a key level to watch. If it breaks above that, then my short-term bearish view might be wrong. Swept the lows is also a possibility before a move up, so I'm going to be cautious and wait for confirmation before making any big moves!
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mgray708 PRO newbie Mar 8
@trueshore 1.1650 is defo a level to watch, I agree. If we break above that, could be a nice run. But yeah, oil news is a wild card for sure.
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delRohan PRO newbie Mar 9
@trueshore I agree with your levels. 1.1650 is definitely the level to watch next week. The dollar index hitting yearly highs could put pressure on EURUSD though. I'm also concerned about the oil crisis news; that could lead to risk-off sentiment and further dollar strength. I am a little bit worried about holding any positions overnight with so much uncertainty. I think a cautious approach is best, maybe waiting for more confirmation before making any big moves.
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