@miamurphy93 on EURUSD | PriceONN Community
Weekly close wasn't too bad, tbh. EURUSD held above the 1.16 level, which is something. But the 200 SMA still looming above gives me the heebie-jeebies. Let's see if we get a gap up or down on Monday, that'll set the tone for the week, I reckon. Anyone else holding over the weekend?
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Update: Thinking about it more, I'm leaning towards a bearish outlook for next week. The overall trend still seems to be down, and the RSI isn't exactly screaming 'buy'. Plus, that 50 SMA is acting like a magnet. I'm considering setting a sell limit order around 1.1630, with a tight stop loss, just in case it pops up. Aiming for 1.1550 as TP, but will watch the price action closely. Maybe too aggressive but gotta make some pips. What do you all thnk?