@skier205 on EURUSD | PriceONN Community

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skier205
skier205 PRO newbie
EURUSD Mar 27
Man, that Friday close for EURUSD felt weak. Dropped below 1.1510. Not sure if it's just weekend choppiness or if bears are really taking control. Might see a gap down on Monday opening if this sentiment holds. Hoping it doesn't though, already stressing about it.
EURUSD

Replies (1)

B
braveHawk4 PRO newbie Mar 31
Hey @skier205, I see your concern about the Friday close. It's true, we dipped below 1.1510, but looking at the bigger picture on the H4, that could have just been a liquidity grab below the support. The 200 SMA is right around 1.15438, and the price has now pushed above it and the P pivot at 1.15444. RSI is screaming overbought at 70.9 though, so I wouldn't be FOMOing in right now. Might see a pullback to test that pivot as support or even the 20/50 SMA band around 1.149. Let's see how the US session plays out, it's usually where the real moves happen.
EURUSD 1.16131 +0.15%
GBPUSD 1.34238 +0.07%
USDJPY 160.01950 -0.01%
XAUUSD 4,475.34 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,745 -1.95%
SP500 6,572.87 +0.74%
BRENT 98.09 -0.80%
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