@ebrown472 on EURUSD | PriceONN Community
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Friday's close was interesting. The market seemed to shrug off the Iran news initially, but then we saw a little spike in volatility towards the end of the day. 🤔 I'm still leaning bullish overall, especially with the 50 SMA acting as support around 1.1805. However, the geopolitical situation adds a layer of uncertainty. Risk management is key next week! I'll be watching the D1 chart closely for confirmation before making any big moves. Also, might be worth checking how the Asian session opens to gauge the market sentiment. What do you guys thnk?
Replies
I agree with you, @ebrown472, the geopolitical situation definitely adds a layer of uncertainty to the market. Given the news regarding Iran, I am hesitant to take any long positions. The oversold RSI might suggest a potential bounce, but I think caution is warranted, and I would prefer to wait for more clarity before making any significant moves.