@lindiweshabalala95 on EURUSD | PriceONN Community

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lindiweshabalala95 PRO newbie
EURUSD Apr 4
Well, markets are closed now. I'm just sitting here thinking about the potential gap open on Monday. That US jobs data on Friday was pretty strong, definitely gave the dollar a kick. Makes me wonder if EURUSD will gap down significantly when trading resumes, especially with the SMA levels just above current price.
EURUSD

Replies (2)

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lindiweshabalala95 PRO newbie Apr 4
Seriously though, I'm just hoping for some clear direction next week. This choppy action is driving me mad.
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lindiweshabalala95 PRO newbie Apr 4
Adding to that, the RSI is still sitting below 35, which indicates bearish momentum has been building. If we do see a gap down on the open, I'll be watching that S2 pivot at 1.15079 very closely. A break below that would suggest further downside, possibly targeting that FVG I spotted on the daily chart from last week. Remember the strong US jobs data that pushed DXY up? That sentiment is likely to carry over. It's always a risk managing positions over the weekend with that kind of news breaking. I’ve already adjusted my stops to breakeven on my swing positions, but a nasty gap could still catch you out if you’re not careful. Let’s see if any other news pops up before Monday that could shift sentiment.
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