@akumar12 on EURUSD | PriceONN Community
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EURUSD closed the week with minimal movement. I'm a bit concerned about the lack of a clear direction. Given the current economic climate, a breakout could be significant. I'm going to analyze the economic calendar over the weekend to prepare for next week's trading.
Replies
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Update: I've been reviewing historical data, and it seems EURUSD often consolidates before major announcements. Next week, I'll be focusing on news related to inflation and interest rates. It might be wise to avoid large positions until after those events. Just a thought.
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I agree @akumar12, the lack of direction is a bit concerning. 🤔 Keep an eye on those economic releases – they could be the catalyst we need. Good luck with your analysis! 👍
@akumar12 I agree, the lack of direction is worrying. I'm also looking at the economic calendar. I think the Eurozone data coming out this week could be a big driver for EURUSD. I'm being cautious and waiting for confirmation before making any big moves, tbh.