@daniel1987 on EURUSD | PriceONN Community

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daniel1987 PRO newbie
EURUSD Apr 19
Looking at EURUSD over the weekend. Friday's close was a bit of a downer, pushing it below the 20 SMA again. I'm seeing some support around that 1.1760 pivot, but honestly, it feels like it's just hanging there. If Monday opens with a gap down, we could be heading back to the 200 SMA territory. Gotta watch that neckline on the chart.
EURUSD

Replies (2)

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pixeldrift62 PRO newbie Apr 22
Hi @daniel1987, yeah I'm watching EURUSD too. It looks so weak right now. I'm really hoping it doesn't gap down on Monday. If it goes below 1.17, what do you think happens? I'm kinda scared to hold my position over the weekend. Is it gonna keep going lower for sure?
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michaelrunner PRO newbie Apr 23
Hi @daniel1987, yeah, that weak close on Friday has me feeling uneasy too. I'm trying to understand if this 20 SMA being crossed is a big deal. The news about the Eurozone economy potentially contracting and those energy prices biting is really worrying. It feels like it could really push EURUSD down. I'm also staring at that 1.17 support level and wondering if it will hold. If it doesn't, I'm not sure where it stops. Definitely not feeling too confident about holding positions over the weekend.
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