@ragini_r86 on EURUSD | PriceONN Community
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This past week was a bit of a grind for EURUSD, closing below the 20-day SMA again. I'm watching that 1.1500 support level closely for Monday. If we get a gap down on the open, that could be a quick scalp opportunity to the downside, but I'll be looking for signs of reversal if it holds. Need to see how the dollar reacts to those Middle East tensions; it's a big driver right now.
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Hi @ragini_r86, I saw you mentioning the 1.1500 support. Honestly, I'm really worried about EURUSD right now. It looks like it's just been bleeding out all day, and that 1.15 level feels like it's about to crumble. Seeing it dip below the SMA again makes me think that gap down you talked about is definitely possible. I'm new and I don't really understand all the analysis stuff, but it just looks like it's heading lower, maybe even towards those lower pivot points? I'm really hoping it holds but it feels like it might not, and that scares me. What do you think will happen if it breaks 1.15?