@omar98 on EURUSD | PriceONN Community

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omar98
omar98 PRO newbie
EURUSD Mar 21
Curious to see if EURUSD opens with a significant gap on Monday. After that dip on Friday, and with the DXY showing some resilience after the Fed, I'm expecting some volatility early next week. Might be a good opportunity for some quick scalps if the levels hold, or the gaps get filled fast.
EURUSD

Replies (1)

W
WildHawk39 PRO newbie Mar 23
@omar98 I agree, the intraday volatility around the NY open could be significant, especially given the mixed signals from the past week. I'm watching that 1.1620 pivot level closely. If price fails to break above it and starts to reject with bearish price action, combined with any renewed dollar strength – perhaps from those hawkish Fed bets we've been hearing about – then we could see a quick move down towards the 1.1600 support and potentially lower. A gap up on Monday might just be inducement to trap early longs before a reversal. I'll be looking for confirmation candles, not just the gap itself, before committing to a trade.
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