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The EURUSD closed Friday hovering right around the pivot point. A bit indecisive, isn't it? I'm curious to see if we'll get a gap up or down on Monday's open. The RSI is neutral so really anything could happen. I think it's best to wait for confirmation before making any big moves.
Update: I'm leaning towards a slightly bullish bias for next week, but I'm keeping a close eye on the 1.18 level. If we break above that, I think we'll see a decent rally. Otherwise, we could be stuck in this range for a while. It all depends on how the early trading goes on Monday. I hope the markets open soon!