@JackB33 on EURUSD | PriceONN Community

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J
JackB33 PRO newbie
EURUSD Apr 5
Friday's close for EURUSD wasn't ideal, breaking below the 20 SMA on the daily. RSI is definitely looking oversold at 32.3, so I'm wary of chasing shorts right away. We might see a dead cat bounce early next week, especially if DXY pulls back a bit after that strong jobs data. The 200 SMA on H4 around 1.1540 is a solid resistance now, and the S1 pivot at 1.1508 could act as support if we see further downside. Personally, I'm not looking to enter anything until Monday's action clarifies the direction. Might be best to wait for a liquidity grab or a clear break of a key level.
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