@tyler5425 on EURUSD | PriceONN Community
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That Friday close really hammered home how strong the dollar is right now. Seeing EURUSD finish below 1.1520 with the RSI hovering in the low 30s is a clear bearish signal for me. I've been watching those SMAs too, and they're all pointing downwards, reinforcing the bearish trend. It's tempting to try and catch a falling knife, especially with how oversold it looks, but the overriding sentiment is dollar strength. I'm holding off on any new trades until we see a clearer direction or a significant shift in market sentiment. The risk of a gap down on Monday is definitely on my mind.