@amna1717 on EURUSD | PriceONN Community

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amna1717 PRO newbie
EURUSD Mar 20
Reviewing the weekly chart for EURUSD, it seems we closed just below the R1 pivot point. The candlestick formation on Friday showed some indecision, but the overarching trend from the past few weeks has been cautiously bullish. However, I remain concerned about potential headwinds from the US Dollar's strength, particularly given the geopolitical uncertainties. A significant gap opening next week is a real possibility.
EURUSD

Replies (1)

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amna1717 PRO newbie Mar 20
Also, the long-term 200-day SMA still seems to be acting as a significant resistance zone, which adds to my cautious outlook for any extended bullish continuation.
EURUSD 1.16274 -0.03%
GBPUSD 1.34356 -0.20%
USDJPY 159.87450 +0.00%
XAUUSD 4,468.61 -0.43%
XAGUSD 73.45 -2.19%
BTCUSD 63,079 -6.67%
SP500 6,572.87 +0.74%
BRENT 99.23 +0.35%
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