@wildstorm on EURUSD | PriceONN Community
Considering the oil crisis and its potential impact on the Eurozone, I anticipate EURUSD might experience further volatility next week. The pair seems to be consolidating around the 1.16 level, but a significant move could occur depending on how the oil situation unfolds. I plan to monitor the news closely and adjust my strategy accordingly, prioritizing risk management.
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Also, looking at the weekly chart, the 200-SMA is still above the current price, indicating a longer-term downtrend. If the oil crisis deepens, we might see EURUSD test lower levels. I'll be watching the 1.15889 support level closely next week, a break below that and we could see a bigger move down.