@emily1997 on EURUSD | PriceONN Community

Update: I'm also a bit concerned about a potential gap opening on Monday given the news. Might be wise to adjust positions accordingly.

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?