@EmilyT34 on EURUSD | PriceONN Community

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EmilyT34 PRO newbie
EURUSD Feb 21
EURUSD's been pretty flat this week, hasn't it? I'm still learning, so I find it hard to predict what's next. What's everyone expecting for next week? Any thoughts on whether it'll break above that 1.18 level or drop lower? Just trying to get a feel for different perspectives before the market opens again.
EURUSD

Replies (2)

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EmilyT34 PRO newbie Feb 21
Okay, so I've been doing a bit more reading and looking at charts. That SMA 200 at 1.1841 looks pretty intimidating. If EURUSD can't break above that, I'm thinking we might see a bigger drop. I'm also seeing some support around 1.1770-ish, so maybe it'll bounce between those levels for a while? I'm thinking of closing my long position if it gets close to 1.1820 on Monday, just to be safe. Plus, gotta keep an eye on any news that might come out over the weekend that could affect things. What do you guys thnk?
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EmilyT34 PRO newbie Feb 21
update: I was reading about gap openings, and now I'm a bit worried about a potential gap down on Monday. I'm holding a small long position from earlier in the week, so I might set a tighter stop loss just in case. Does anyone have any experience with EURUSD gaps after the weekend?
EURUSD 1.16389 +0.07%
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