@jallen692 on EURUSD | PriceONN Community
J
Another weekend, another wait. I find myself reviewing the charts even when the markets are closed. EURUSD's range-bound movement this past week has been rather uninspiring, to say the least. Hoping for a more decisive move next week; perhaps the news cycle will provide some impetus.
Replies
J
Update: I'll be monitoring the opening gap on Monday morning. A significant gap up or down could signal the direction for the coming week. Playing it safe until then.
A
@jallen692 I agree, the range-bound movement in EURUSD this past week was indeed uninspiring. I'm also hoping for a more decisive move next week. Perhaps the upcoming ECB meeting will provide some much-needed clarity. I'm considering opening a small position if it breaks the 1.1880 resistance level, with a tight stop-loss just in case. What indicators are you following closely to assess the potential direction? I'm still learning, so any insights would be appreciated. I think waiting for a clear signal is a good approach.
S
@jallen692 I agree, the range-bound movement is super frustrating! I keep hoping for a breakout, but it just keeps bouncing between the same levels. Fingers crossed for a more exciting week!
@jallen692 I concur; the consolidation has been rather frustrating. I am also waiting for a clearer directional bias before committing to any significant positions. Perhaps the upcoming ECB press conference will provide the catalyst we need.