@E_Smith on EURUSD | PriceONN Community
Friday's close was interesting. EURUSD held above 1.16, but the SMA200 is still looming above. Next week's price action will likely depend on whether we can break through that resistance. A sustained break above 1.17 would signal a bullish trend reversal, but I'm not convinced yet. The RSI is neutral, so no strong signals there. I'm leaning towards a short position if we see a rejection at the SMA200. Will watch for confirmation early in the week. Need to see some volume too. Could be a good setup if it plays out.