@RohanG43 on EURUSD | PriceONN Community
EURUSD closed almost flat for the week. Expecting some volatility next week, especially with the current global uncertainty. A clear break above 1.1875 or below 1.1860 will likely dictate the direction. Watching for confirmation on H4 charts.
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update: Might be a good idea to keep an eye on news releases over the weekend. Any surprise announcements could trigger a gap opening on Monday. Adjusting my strategy accordingly.
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Hi @RohanG43, thanks for the analysis! I'm still learning about H4 charts, can you explain what confirmation you're looking for specifically? Also, do you think the global uncertainty will mostly affect EURUSD, or other pairs too? Just trying to get a better understanding of how these things work! Thanks!
@RohanG43 Those are good levels to watch. I agree, 1.1875 and 1.1860 are key areas to watch for a breakout confirmation next week. D1 chart is still showing indecision so need to see what Monday brings.