@harrythompson47 on EURUSD | PriceONN Community
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Friday's close for EURUSD was a bit disappointing, especially after seeing those US jobs numbers come out stronger than expected. It pushed the dollar up and dragged us below 1.1520, which feels like a key level. The RSI is sitting pretty low around 32, so technically it looks oversold, but the news flow is really hammering the Euro right now. I'm wondering if we'll see a gap down on Monday morning, especially with the holiday weekend. My main concern is that the 200-day SMA is still above us, acting as resistance. Need to re-evaluate my strategy for next week based on this. Doesn't feel like a good time to be holding longs.