@rharris886 on EURUSD | PriceONN Community

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R
Well, the EURUSD closed above 1.18, which is a bit higher than I expected earlier in the week. I'm still trying to get a handle on how much weight to give the SMAs when the price seems to bounce around them so much. Anyone else surprised by the strength at the end of the day Friday?
EURUSD

Replies (1)

R
rharris886 PRO newbie Feb 28
Just adding to my previous thought... I'm wondering if that late push was just profit-taking before the weekend, or if it signals genuine buying interest going into next week. I'm still pretty new to this, so trying to figure out these patterns. I've been reading about how the big players sometimes manipulate the price before the close, and it makes me question everything. Maybe I should just stick to longer time frames for now. What do you guys think?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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