@grace_w22 on EURUSD | PriceONN Community

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grace_w22
grace_w22 PRO newbie
EURUSD Mar 8
I'm thinking EURUSD might consolidate a bit next week. The weekly close was pretty indecisive, right around that 50 SMA. I wouldn't be surprised to see it bounce between 1.1580 and 1.1630 for a while, unless there's some major news. Just my two pence.
EURUSD

Replies (1)

J
jessicarodriguez58 PRO newbie Mar 12
Hey @grace_w22, that's an interesting idea about consolidation. I'm still new to this, so thanks for sharing! I see what you mean about the weekly close being indecisive. Do you usually use the 50 SMA as a strong indicator? I'm trying to figure out how much weight to give it, especially with all this USD strength from the news about the Middle East. Maybe it'll push EURUSD lower than your range? What do you think about the geopolitical risks?
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