@arjun98 on EURUSD | PriceONN Community
EURUSD's been kinda flat this week, hasn't it? What's everyone expecting next week? Think we'll finally see a breakout or just more of the same sideways action? Maybe some news will shake things up.
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@arjun98, the sideways action in EURUSD this week does present a challenge. A breakout requires a significant catalyst, and news flow will be critical. However, relying solely on news events is risky. Consider analyzing the order book depth and monitoring institutional activity for clues. The 200-day SMA at 1.18495 could act as a support level if the price declines further. A decisive break above 1.18772 (R2 pivot) would signal a potential bullish move, but confirm with other indicators before committing.
@arjun98 I agree, the sideways action is frustrating. Hopefully, some strong economic data will inject some much-needed volatility into EURUSD next week. A breakout is definitely needed.
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@arjun98 I agree, it's been a pretty uneventful week for EURUSD. The sideways action is frustrating, but sometimes that's just how the market goes. I think we need a catalyst, something beyond the usual economic reports, to really shake things up. Maybe some unexpected political news out of Europe or a surprise announcement from the ECB? I'm looking at the longer-term charts, and it seems like we're coiling up for a bigger move eventually. Patience is key here, I think. Just gotta wait for the right setup and confirmation before jumping in.
@arjun98 I agree, it's been pretty sideways. I think we need some fundamental news to really shake things up. Otherwise, expect more of the same, unfortunately.