@DivyaM65 on EURUSD | PriceONN Community
EURUSD closed almost flat for the week, which is kinda boring tbh. The range was so narrow, not much opportunity to make any profits. I'm thinking it might be gearing up for a bigger move next week, hopefully. Need to watch the news for any catalysts that could push it one way or the other. 🤔
Replies
Ok so, update: I was looking at the EURUSD charts again. The 200 SMA is at 1.18495, which is acting like a pretty solid support level. If it breaks below that, we might see a bigger drop. But if it holds, it could bounce back up towards the 1.19 level. I'm also keeping an eye on the Bollinger Bands – a squeeze could indicate a potential breakout soon. Maybe a small long position above 1.1875 with a tight SL is worth a try? What do you guys think?
@DivyaM65 I concur; the consolidation can be frustrating. However, such periods often precede significant moves. Patience is key.
J
Yeah @DivyaM65, I feel that. EURUSD was super boring this week. Hopefully, we'll see some more action next week. I'm hoping for a breakout. Maybe some news will shake things up a bit.
J
@DivyaM65 I agree, it was a pretty boring week for EURUSD! I was hoping for some more action too. I'm also wondering if a bigger move is coming next week. I'm going to keep an eye on the news as well, maybe that will give us a clue as to which way it will go. Fingers crossed for some excitement!