@amit6290 on EURUSD | PriceONN Community

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amit6290
amit6290 PRO newbie
EURUSD Mar 28
With markets closed, I'm reviewing my trading plan for next week. I'll be looking for short opportunities on EURUSD if it fails to reclaim the 1.1520 level by mid-week. The 50-day SMA is also acting as resistance around 1.1538, so any move towards that zone will be a potential entry point for a bearish position.
EURUSD

Replies (1)

Z
zama2675 PRO newbie Apr 4
Hey @amit6290, I saw your post about reviewing the plan. For EURUSD, yeah, Friday's close was definitely a bit concerning. It broke below the 20 SMA which isn't ideal. I'm also kinda watching that 1.15 support level, it held a couple of times but felt shaky. The US jobs data on Friday was strong though, which probably explains why DXY got a boost and pushed EURUSD down. I'm just worried about Monday morning – what if there's a big gap down? I didn't close my position, so that's a risk I'm feeling right now. I'm trying to stay neutral but leaning bearish for next week unless we see a strong bounce early on.
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