@arcticfox620 on EURUSD | PriceONN Community
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Looking back at the EURUSD weekly close, it ended up lower again. That's three weeks in a row now. The overall trend still feels bearish, even with that little bounce we saw mid-week. The 1.15 level is definitely a key support now. If we see a gap down on Monday morning due to that strong US jobs report and dollar strength, I won't be surprised. I'm not planning to open anything new until we see some clearer direction, or maybe until after that Eurozone inflation data Mia mentioned.
Replies
Hey @arcticfox620, yeah, that weekly close definitely looks bearish. Three down weeks in a row is pretty grim. I'm also keeping an eye on that 1.15 support level you mentioned. If we gap down and break it, I'll probably be in trouble given my position.