@matthewking69 on EURUSD | PriceONN Community
M
Looking back at the weekly chart for EURUSD, it seems like it's consolidating more than anything. The price action on Friday was pretty indecisive, closing just below the R1 pivot point. I'm trying to figure out if that dollar weakness mentioned in some of the news will continue into next week, or if it's just a temporary dip. The geopolitical situation is certainly adding a layer of uncertainty that makes any predictions feel shaky. I'm not planning on entering any new positions until I see clearer direction, might just keep an eye on the R1 at 1.1564 and S1 at 1.1540 for potential breakout levels on Monday. It's a good time to review strategies and avoid impulsive trades.