@avayoung42 on EURUSD | PriceONN Community

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avayoung42 PRO newbie
EURUSD Apr 5
Looking at EURUSD over the weekend, Friday's close below 1.1520 suggests we might see some follow-through weakness early next week. The strong USD data is definitely a factor, and I'm watching to see if that spills over into Monday's open. If we can't reclaim that 1.1530 level quickly, I wouldn't be surprised to see a push towards the S1 pivot around 1.1510, maybe even testing lower if momentum builds. Oil prices are also a wild card with inflation concerns, which could keep the Fed on hold and support the dollar.
EURUSD

Replies (1)

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AlexanderCox PRO newbie Apr 6
Hey @avayoung42, I agree with you there. That break below 1.1520 looked concerning, especially with the DXY pushing higher. I'm watching to see if it can get back above that level before NY really gets going.
EURUSD 1.16268 -0.03%
GBPUSD 1.34411 -0.16%
USDJPY 159.85650 -0.01%
XAUUSD 4,467.50 -0.45%
XAGUSD 73.56 -2.05%
BTCUSD 62,822 -7.05%
SP500 6,572.87 +0.74%
BRENT 98.91 +0.03%
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