@michaelsmith81 on EURUSD | PriceONN Community
M
Looking ahead to next week, I'm still cautiously optimistic on EURUSD, but definitely wary of any potential gap opens. That Dollar weakness we saw last week, despite rising yields and geopolitical noise, is a big signal. It feels like the narrative is shifting away from the safe-haven dollar, which could be a tailwind for pairs like this. I'm watching the 1.1530 support level closely; if that holds and we see a bounce, I'll be looking for entries towards R1 at 1.1564 and potentially higher if momentum builds. The 200 SMA at 1.1526 is also a key level to monitor. If we get a strong bullish close above the weekly R1, I might even consider a longer-term swing position, but for now, sticking to intraday and H4 setups. Just need to see how Monday opens without getting caught in any early volatility.