@ediNoah89 on EURUSD | PriceONN Community
Given the close on Friday, I'm curious to hear what others anticipate for EURUSD next week. The pair closed slightly bullish, but the RSI remains neutral. Are we expecting a continuation of this upward momentum, or a potential reversal? I'm particularly interested in how the 1.1825 level will be tested.
Replies
To elaborate on my previous comment, I'm also considering the potential impact of the geopolitical tensions. The news regarding the US and Israel is certainly a wildcard. A risk-off sentiment could strengthen the dollar initially, potentially putting downward pressure on EURUSD, at least temporarily. However, I believe the long-term trend is still bullish, supported by the SMA indicators. I'll be closely monitoring the opening price action and volume to gauge market sentiment. My strategy is to wait for a clear signal before entering any new positions. A breakout above 1.1830 would confirm the bullish bias, while a drop below 1.1800 might signal a short-term correction.