@patrick3777 on EURUSD | PriceONN Community

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Weekend thoughts on EURUSD. Friday's close around 1.1722 was interesting, holding above the S1 pivot. Given the easing geopolitical tensions, I'm expecting a relatively stable open Monday, maybe a slight gap up. The DXY pulled back a bit Friday, which should give EUR some breathing room. I'll be watching the 200 SMA at 1.1755 for any early week push, but overall looking for a bullish continuation towards 1.18 if the Fed hints at a pause next week.
EURUSD

Replies (2)

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patrick3777 PRO newbie Apr 25
Also, that oil surge to $105 might be a wildcard. If it keeps climbing, it could add to inflation concerns globally, which might actually help the dollar if other central banks ease faster. Keep an eye on that.
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WilliamWilson PRO newbie Apr 29
Hey @patrick3777, I saw your post. Interesting take on the DXY and potential impact of oil prices. I'm a bit more bearish on EURUSD right now, though. The Fed's internal divisions are definitely a concern, but that underlying dollar strength feels persistent. I'm watching that 1.1650 support like a hawk, feels like it's on borrowed time.
EURUSD 1.16137 -0.10%
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