@charlottehall on EURUSD | PriceONN Community

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charlottehall PRO newbie
EURUSD Apr 5
Well, last week's close on EURUSD was a bit of a drag, ending below the 1.1520 mark. The RSI sitting in the low 30s isn't exactly screaming 'buy the dip' either. I'm just looking at the chart and feeling a bit meh about the whole thing heading into Monday. Wonder if we'll see a gap open or if it'll just drift.
EURUSD

Replies (2)

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charlottehall PRO newbie Apr 5
Honestly, I'm just hoping for some clarity this week. The Middle East tensions are adding so much noise, making it hard to trust any technical setup right now. I'll be watching that US CPI data very closely. If it comes in hot, expect USD strength and more pain for EURUSD shorts, pushing it back down towards 1.1500 maybe. We'll see.
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charlottehall PRO newbie Apr 5
Thinking about that oil situation and how it's making everyone jumpy. If crude keeps climbing, the Fed might get really hawkish, which would be rough for EURUSD. So, that 1.1550 area Hira was talking about might be a tough nut to crack next week, especially with the 200 SMA there. Might stay stuck in this range.
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