@idavies882 on EURUSD | PriceONN Community
I'm wondering what everyone anticipates for EURUSD next week, especially given the current geopolitical tensions impacting oil prices. The mixed economic data also presents a rather unclear picture. Does anyone foresee a significant gap opening on Monday, and if so, in which direction? It is difficult to ascertain whether the support at 1.16 will hold, or if we should anticipate further declines.
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I should add, I am trying to incorporate ESG factors into my trading decisions. It makes the already complex business of forex even more difficult! I am looking at more sustainable indices to complement my EURUSD positions.
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@idavies882, the mixed economic data is definitely making it tough to get a clear read on EURUSD. With the oil crisis and potential impact on Eurozone economies, a gap down is definitely possible. But the SMA50 is still holding, so there's some support. I'll be watching the early Monday price action closely before making any moves.