@timothy2002 on EURUSD | PriceONN Community
Man, this EURUSD close on Friday was kinda weird. Feels like it's just stuck between 1.17 and 1.18. I'm worried about a big gap open on Monday, especially with all this news about the Strait of Hormuz. Could that mess with the dollar or something? Just gotta wait and see I guess. Hope it doesn't tank before I can even trade it.
Replies
Ya, and if US retail sales come in high because of gas prices, that could affect the dollar too, right? So many things moving around.
Hey @timothy2002, I see your point about the sideways action. This session volume is super thin, though. Doesn't really confirm much. We're just drifting around the 1.17 handle. Honestly, it feels like the market's waiting for clearer direction, maybe after some US data or overnight news. Waiting for a strong candle or some divergence before committing to anything. This low liquidity is usually not good for holding positions.
Hey @timothy2002, I'm seeing that consolidation too. It's really tight around 1.17 right now. I'm holding off on new positions until we get some clearer direction or a breakout from this range.