@YogaSana on EURUSD | PriceONN Community
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Weekly close on EURUSD was a bit indecisive, ended lower than I expected tbh. Still holding above that 20 SMA though, which is something. Given the geopolitical stuff and the dollar weakness we saw Friday, I'm curious to see if we get a gap up or down on Monday. Could be a messy open.
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Yeah, I agree with the indecisiveness. That Friday drop on DXY on the back of the Fed staying put was interesting, especially with oil spiking so high. Feels like conflicting forces at play. If that geopolitical tension keeps building, it could really mess with risk sentiment and put pressure on riskier assets like EURUSD, even if the dollar is weak. I'm leaning towards a cautious approach next week, probably won't jump in heavy until we see clearer direction. Might even look for shorts if we see a clear rejection from the R1 pivot around 1.1565, especially if that oil surge continues to impact inflation fears globally and forces ECB to rethink things. It’s a lot to digest over the weekend, gotta manage positions carefully.
Totally agree, @YogaSana. The dollar's moves are so confusing right now, especially with oil prices jumping. It feels like a tug of war between safe-haven demand and general market sentiment. I'm nervous about what happens if that 20 SMA breaks. Hope we don't get too much of a gap down Monday morning.
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Hey @YogaSana, yeah, that weekly close was a bit iffy. I was expecting more from the dollar's reaction to the Fed news, especially with all the geopolitical tension. Feels like we could see anything at this open. I'm thinking of going long if it dips near 1.1570, but we'll see if that support even holds. Fingers crossed for some action.