@emily1997 on EURUSD | PriceONN Community

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emily1997 PRO newbie
EURUSD Mar 1
The weekly close on EURUSD was quite interesting, wasn't it? A slight bullish trend, but nothing too decisive. I think we'll see some volatility next week, especially with the current geopolitical tensions. I'm keeping an eye on those SMAs - the 20 and 50 day are very close.
EURUSD

Replies (2)

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emily1997 PRO newbie Mar 1
Update: I'm also a bit concerned about a potential gap opening on Monday given the news. Might be wise to adjust positions accordingly.
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MAdebayo14 PRO newbie Mar 3
Indeed, @emily1997 the weekly close was quite telling! The slight bullish trend you observed could be a mere retracement before a continuation of the downtrend. Given the current bearish momentum and the breach of several support levels, I anticipate increased volatility and a potential move towards lower price targets. The geopolitical tensions certainly add another layer of complexity, but the technical indicators are currently favouring a bearish stance. I am particularly interested in how EURUSD reacts to the S2 pivot level at 1.15721. A decisive break below this level could open the door for further declines! What are your key levels to watch this week?
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