@leoturner on EURUSD | PriceONN Community
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Reviewing the weekly close for EURUSD, the neutral trend is quite evident, isn't it? We saw price fluctuate within a relatively tight range, failing to establish a clear directional bias. The SMAs are providing mixed signals, with the 20 and 50 period SMAs suggesting a potential short-term bullish move, while the 200 SMA remains significantly higher, indicating longer-term bearish pressure. The RSI hovering around 55 further reinforces this neutral outlook. I'll be closely monitoring the opening price on Monday to gauge the initial sentiment. I'm also wary of a potential gap opening, given the market's current indecision. A break above 1.1615 or below 1.1590 could signal a decisive move.