@ewright547 on EURUSD | PriceONN Community
EURUSD's stuck in a tight range, no doubt. Watching the 1.18 level closely. Seems like everyone's waiting for a catalyst to break this stalemate. Could be a news event or just some big player making a move. I'm leaning bearish if it breaks below 1.1795.
Replies
@ewright547 I agree, the range is incredibly tight! 1.18 is definitely a key level to watch. I'm also bearish, but I think we might see a test of 1.16 before any major breakdown. A news catalyst is likely needed to push it decisively either way. What kind of news events are you anticipating?
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@ewright547, I share your sentiment regarding the tight range. A catalyst is definitely needed to break this stalemate. I'm also leaning bearish if 1.1595 breaks with conviction. Could be a volatile week ahead.