@RajeshMehta on EURUSD | PriceONN Community
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Honestly, that Friday close for EURUSD at 1.15089 felt like a bit of a capitulation. We've been stuck in this range for what feels like ages, and the bearish momentum was building. The headline about the US Dollar eyeing its strongest monthly gain since 2025 due to Middle East tensions is definitely a major factor. I'm not entirely convinced it's just 'geopolitical noise' like @aishacoetzee54 said, there's real fear out there. This dollar strength might just be the straw that breaks the camel's back for this pair in the short term. I'm watching for a potential retest of the 1.1500 S2 pivot. If that level doesn't hold, we could see a significant drop next week, maybe even towards 1.1450 if the dollar keeps powering up. It’s the kind of environment where safe-haven assets usually do well, and that usually means the USD gets a boost. I'm leaning towards a bearish outlook for EURUSD come Monday, unless something drastically changes over the weekend.