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Looking at the EURUSD weekly chart, it seems to be consolidating around that 1.1770-1.1790 area. Not a lot of clear direction, but the 50 SMA is holding as support for now. I'll be watching for a break either way next week to determine my next entry. Could be a choppy week ahead though.
@james5570 I agree that 1.1770-1.1790 is a key area to watch on the weekly. The 50 SMA holding is interesting, but I'm more concerned with the 200 SMA looming above around 1.17024. A sustained break above that level could signal a more significant bullish move. I'll be watching for confirmation before entering a long position. A lot depends on the early week data releases, tbh. If we see weak numbers, a retest of lower levels is definitely on the cards. I'm also checking divergence on the RSI.
