@hunterbaker on EURUSD | PriceONN Community

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hunterbaker
hunterbaker PRO newbie
EURUSD Mar 15
Looking at EURUSD next week, I'm anticipating a potential gap down on open, given the strong bearish momentum and oversold RSI. I'll be watching for a possible short opportunity if it retraces to around 1.1450. However, the DXY strength might continue to pressure it further. A break below 1.14 would be significant.
EURUSD

Replies (1)

N
noah7030 PRO newbie Mar 16
Interesting outlook, @hunterbaker. I'm also leaning towards bearish sentiment for EURUSD. The 200 SMA is still above the current price, and that RSI reading, while oversold, might not be enough to reverse the trend if DXY keeps strengthening.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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