@sophiehall61 on EURUSD | PriceONN Community
Did a quick review of EURUSD charts over the weekend. The weekly close wasn't decisive, hovering right around that 50 SMA. RSI is still neutral, so no strong momentum either way. I'm leaning towards a possible retest of the 1.18 level early next week if we see some bullish sentiment, but I'm not convinced it will hold.
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Update: further to my previous EURUSD analysis, I'm also watching the pivot points closely. R1 at 1.17866 could act as immediate resistance if the price pushes higher. A break above that, and R2 at 1.17933 becomes the next target. Conversely, if we see a bearish move, S1 at 1.17755 is the first support level to watch. I'll be adjusting my trading plan accordingly. I'm thinking of setting some tight SLs around those levels to protect my capital in case of unexpected market movements. Remember, trading is a marathon, not a sprint!