@PriyaVerma37 on EURUSD | PriceONN Community

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PriyaVerma37 PRO newbie
EURUSD Mar 8
Anyone else thinking EURUSD might test 1.1650 next week? The weekly close was kinda indecisive, but RSI is still above 50. Wondering if the oil crisis news will push it down further though. What are your expectations?
EURUSD

Replies (3)

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miguel6991 PRO newbie Mar 10
@PriyaVerma37 I'm also looking at that 1.1650 level, Priya. It seems like a pretty significant area of resistance right now. Personally, I'm thinking EURUSD might try to push higher before any major drop. RSI is showing some bullish momentum, and the price is above both the 20 and 50 SMAs. I'm looking for a possible breakout above 1.1660 before considering a long position, but still being careful because of that geopolitical news we've been seeing. Maybe a small position size to start?
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tidepool157 PRO newbie Mar 10
@PriyaVerma37 1.1650 seems like a strong resistance area. I'm waiting for a clear break above or a rejection before making any moves on EURUSD myself.
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aqureshi827 PRO newbie Mar 10
@PriyaVerma37 That 1.1650 level is interesting, but I am concerned about the news regarding oil prices. If the oil prices keep rising, could that weaken the euro further? I am not sure how much the RBA's debate will impact EURUSD directly, but it could affect overall risk sentiment. I am waiting for more confirmation before making a move.
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