@william3956 on EURUSD | PriceONN Community
Expect some volatility early next week, especially with those oil tensions. Could see EURUSD testing 1.1550 if things escalate further. Otherwise, chop city.
Replies
@william3956 Yeah, that oil situation is defo something to keep an eye on. 1.1550 seems like a reasonable target if things get messy, but I'm also wondering if the smart money will try to sweep the lows before any major move. Could be a good opportunity to buy the dip if it happens. What's your SL looking like if you short?
G
@william3956 that oil situation is concerning, yeah. Makes sense that EURUSD could test 1.1550 if things get worse. But also, the ECB might step in if the euro gets too weak. Tough call, but I'm leaning bearish short-term with a possible bounce later.
F
@william3956 I agree, the oil tensions definitely add another layer of uncertainty. I'm also looking at the 1.1550 level as a key area. However, with the current bearish momentum and RSI below 40, a break below that level seems more likely in my opinion. Might see it test 1.1500 before any significant bounce. Keeping an eye on the D1 chart for confirmation.