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Friday's close was a bit of a head-scratcher, wasn't it? EURUSD just kinda...stalled. RSI around 59, not really oversold or overbought, so no clear signals there. With the 200 SMA looming above, next week could be interesting. Anyone else think we'll see a gap up or down on Monday?
Update: Thinking about that Friday close more...it feels like a build-up of pressure. EURUSD stuck between the 50 SMA below and the 200 SMA above, like a coiled spring. I'm leaning towards a breakout next week, but which way? Probably depends on the early Monday news. I'll be watching for a clear break of either the 1.17743 (50 SMA) or a push towards 1.1841 (200 SMA) before making any moves. Keeping my powder dry over the weekend, I think.
