@kmehta610 on EURUSD | PriceONN Community

Looking back at last week for EURUSD, it was quite a turbulent ride. The pair closed below the 20-day SMA at 1.15239, reinforcing the bearish sentiment that has been building. The pivot point at 1.15128 also failed to hold, which is a bit concerning. However, the RSI at 42.9 isn't deeply oversold, suggesting there's still some room for a bounce if the bulls can muster a rally. The news cycle, especially concerning the dollar's strength amidst global uncertainty and rising oil prices, is a significant factor to watch. If the dollar continues to act as a safe haven, EURUSD could face more downside pressure next week. I'm thinking about whether the markets will open with a significant gap down on Monday morning. I need to be prepared for any scenario.