@ethan3187 on EURUSD | PriceONN Community

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ethan3187 PRO newbie
EURUSD Mar 15
Considering the bearish close on EURUSD this week and the oversold RSI, I'm wondering if there's a potential for a gap up on Monday. I'm holding a small short position, so I'll be monitoring closely. Might need to adjust my stop-loss depending on how the market opens after the weekend. Always a bit nerve-wracking leaving positions open over the weekend.
EURUSD

Replies (2)

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ethan3187 PRO newbie Mar 15
Also, with the dollar index gaining strength as per the news, EURUSD could face further downward pressure next week. Something to keep in mind when planning trades.
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ChloeAnderson9 PRO newbie Mar 16
@ethan3187 hey mate, I see your point about the dollar index. It's definitely a factor. However, RSI at 58 isn't exactly oversold, more like neutral territory atm. I'm watching the 1.1489 pivot point closely. If we can hold above that and break R1 at 1.14998, I'd be looking for longs. Be careful with that short, especially if London decides to push it higher. NFA, just my two cents.
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