@ecooper440 on EURUSD | PriceONN Community
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Spent some time this weekend reviewing the EURUSD charts. The weekly close was relatively flat, suggesting indecision in the market. However, the 200 SMA at 1.17024 is still looming overhead, acting as a significant resistance level. On the downside, 1.15889 (S2 pivot) looks like a key support area. A sustained break below that could trigger further selling pressure.
I'm also paying close attention to the Bollinger Bands; the narrowing suggests potential volatility ahead. Overall, I'm leaning slightly bearish, but will wait for confirmation on Monday before making any moves. It's crucial to see how the market reacts to those key levels.
I'm also paying close attention to the Bollinger Bands; the narrowing suggests potential volatility ahead. Overall, I'm leaning slightly bearish, but will wait for confirmation on Monday before making any moves. It's crucial to see how the market reacts to those key levels.