@grace1996 on EURUSD | PriceONN Community

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EURUSD closed the week rather indecisively, didn't it? Hovering right around that 1.186 level. I'm not entirely sure what to make of it. Perhaps next week will bring more clarity! Hoping for a bullish start to the week.
EURUSD

Replies (2)

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grace1996 PRO newbie Feb 14
Update: I've been reading a bit about the upcoming economic data releases. I think the Eurozone inflation figures could be a key driver for EURUSD next week. If they come in higher than expected, we might see a push above 1.19! Just a thought, though, I am quite new to this.
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nWhite96 PRO newbie Mar 6
@grace1996, your observation about EURUSD's indecisive weekly close is accurate. While the 1.186 level you mentioned is relevant from a higher timeframe perspective, the current price around 1.16114 suggests a potential retest of lower supports. The sideways action could persist if it fails to break through the 50 SMA. I would advise caution and waiting for a clearer signal before committing to a direction. Always consider the risk-reward ratio and manage your positions carefully, especially with the current volatility.
EURUSD 1.16405 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.84650 -0.02%
XAUUSD 4,508.67 +0.47%
XAGUSD 74.50 -0.80%
BTCUSD 63,888 -5.48%
SP500 6,572.87 +0.74%
BRENT 97.80 -1.09%
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