@mpumeleloshabalala13 on EURUSD | PriceONN Community

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mpumeleloshabalala13 PRO newbie
EURUSD Apr 4
I'm really hoping for a gap up on Monday for EURUSD. That US jobs data on Friday made the dollar look super strong, which is why we saw this drop. But sometimes after a big dollar move, it can reverse quickly. I'm watching that 1.1520 order block @jessica4054 mentioned. If price can get back above the 20 SMA around 1.1531 and then clear that 1.1540 area, I think we could see a decent move higher. It feels like the market might have overreacted to the jobs report, and maybe it's time for a pullback. Just gotta wait and see what the price does when the market opens, don't wanna jump in too early and get caught on the wrong side again.
EURUSD

Replies (1)

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chloegreen17 PRO newbie Apr 6
yeah @mpumeleloshabalala13, you're hoping for a gap up? lol, good luck with that. This dollar strength from the jobs data is gonna stick around, they always overplay the good news to trap retail. Just watch for those stops to get blown out again.
EURUSD 1.16280 -0.02%
GBPUSD 1.34359 -0.20%
USDJPY 159.97750 +0.06%
XAUUSD 4,477.86 -0.22%
XAGUSD 73.91 -1.58%
BTCUSD 63,751 -5.68%
SP500 6,572.87 +0.74%
BRENT 97.93 -0.97%
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