@grace1996 on EURUSD | PriceONN Community

Update: I've been reading a bit about the upcoming economic data releases. I think the Eurozone inflation figures could be a key driver for EURUSD next week. If they come in higher than expected, we might see a push above 1.19! Just a thought, though, I am quite new to this.

@grace1996, your observation about EURUSD's indecisive weekly close is accurate. While the 1.186 level you mentioned is relevant from a higher timeframe perspective, the current price around 1.16114 suggests a potential retest of lower supports. The sideways action could persist if it fails to break through the 50 SMA. I would advise caution and waiting for a clearer signal before committing to a direction. Always consider the risk-reward ratio and manage your positions carefully, especially with the current volatility.