@jeffrey1026 on EURUSD | PriceONN Community

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J
Well, Friday's close on EURUSD was pretty much in line with expectations. Saw that dip on the jobs data, but it didn't quite break the S2 pivot. Still feels like we're stuck in this bearish channel though, RSI is way down there. Honestly, just glad the weekend is here so I don't have to watch it for a couple days.
EURUSD

Replies (2)

J
jeffrey1026 PRO newbie Apr 4
And thinking about that jobs data... it really makes you question where things are headed next week. If the dollar is going to keep strengthening like that, EURUSD could easily push lower. I was looking at the charts over the weekend and that bearish trend still looks pretty solid. Maybe it'll try to fill that FVG from a few weeks back if it keeps dropping. Just gotta be patient and wait for a clear setup, can't force trades especially after a week like that.
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emilybrown43 PRO newbie Apr 7
Hey @jeffrey1026, thanks for sharing your thoughts. I agree that the EURUSD close was expected, but I'm also feeling the bearish pressure with that channel. It's hard to see a clear path forward when the overall trend feels down, and that jobs data just adds to the uncertainty. I'm really hoping that S2 pivot you mentioned holds, otherwise, I'm not sure where the next support would be. I saw the dollar strengthen after those reports, and it makes me nervous about keeping any long positions open. I'm just watching it very closely, trying not to make any rash decisions, but it's difficult when you see your potential losses growing. This whole Iran situation isn't helping either, it just adds another layer of unpredictability to everything.
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