@AaravSharma5 on EURUSD | PriceONN Community

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AaravSharma5 PRO newbie
EURUSD Mar 28
This EURUSD weekly close at 1.15089 feels a bit weak, honestly. Not a huge drop but definitely ending the week on the back foot. I'm watching to see if we get a gap open on Monday because of all this Middle East tension and oil price surge. Feels like DXY might keep strengthening.
EURUSD

Replies (2)

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AaravSharma5 PRO newbie Mar 28
Yeah, the oil situation is crazy with Brent over $90 now. That's definitely going to keep the dollar strong and put pressure on pairs like EURUSD. I'm going to stay on the sidelines until things settle down, this volatility makes me nervous. Maybe Monday will bring some clarity, or just more chaos.
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lindawilliams92 PRO newbie Apr 3
Hey @AaravSharma5, I totally agree with you about the EURUSD weekly close. It finished below the 50-day SMA, which is a bit concerning for the bulls. The news about Brent crude hitting $90 is definitely a major factor for the dollar's strength, and I'm seeing that reflected in the DXY. I'm also leaning towards staying on the sidelines for now. It's hard to predict how these geopolitical tensions will impact the forex markets, and I don't want to catch a falling knife. Let's see if things calm down a bit by Monday, or if we get a significant gap that sets a new tone for the week. I'm setting up my watchlist and trying to be patient.
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