@LucasW70 on EURUSD | PriceONN Community
L
Did a quick look at the EURUSD charts over the weekend. Seems like it's stuck in a tight range. Not sure if it will break up or down next week. Will watch the news closely before making any moves. Need to be careful.
Replies
@LucasW70 Yeah, I agree about the tight range. Weekend analysis is always tricky, though. News is key, like you said, but also watch the technicals. I'd add that the 50 SMA is right around 1.1612, acting as resistance atm. Could be a good shorting opportunity if it holds, but SL placement is crucial with EURUSD's volatility. I'm thinking 20 pips above the high of the last swing. Don't get caught in a fakeout.