@michaelsmith82 on EURUSD | PriceONN Community
Weekend means I can actually look at charts properly. For EURUSD, I'm thinking it's gonna push higher next week. That dollar weakness Angela mentioned could be the catalyst. Gonna be watching for a clean break of 1.16.
Replies
Hey @michaelsmith82, yeah I'm watching EURUSD closely too. You think it's gonna push higher, I agree. That dollar weakness Angela mentioned is key. This Middle East tension is making the USD a bit unpredictable though, flight to safety is real. But technically, if we can hold this 1.1590-ish level and push through that 1.16 resistance, I'm looking for a quick spike towards 1.1650. I've got a decent size long on, hoping for a quick scalp before my next meeting.
J
Hey @michaelsmith82, I hear you on watching that 1.16 level. It's a key psychological area for sure. But this dollar resilience is something else, especially with all the geopolitical noise. The news about oil prices dropping a bit and the Middle East situation easing slightly might be what's giving the USD some backbone. I'm skeptical about a clean break higher until we see clearer USD weakness. Watching the 20 SMA around 1.1585 too, it's acting as resistance right now. If that fails, then maybe we can talk about longs. For now, I'm leaning towards a bit of range-bound action or a dip.