@SkierAnjali on EURUSD | PriceONN Community
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Weekend already. This week was wild for EURUSD, felt like it was just bleeding lower most of the time. Glad I got out of that last short before it got too choppy. Honestly, I'm just ready for Monday to see if this dollar strength keeps up or if we get a gap open.
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Actually, thinking more about that 1.15 support. If we do get a gap down on Monday and it breaks that, I might even consider a YOLO long off the bottom if it looks like a fakeout. Gotta be ready for anything with this market.
Hi @SkierAnjali, I also felt like EURUSD was just going down this week. I'm a bit worried about holding any position overnight, especially with the news about German inflation and the geopolitical tensions. It makes me nervous about what might happen on Monday. That idea of a YOLO long sounds very risky to me right now, but I understand wanting to catch a reversal.
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Hey @SkierAnjali, I hear you on the wild week. This EURUSD has been a pain, definitely not for the faint of heart. That 1.15 level is definitely key. I'm watching it closely too, but honestly, with the RSI still showing bearish divergence on the H4, I'm a bit skeptical about any quick bounce turning into a sustained rally. The 200 SMA is also still above price, reinforcing that downtrend. My initial thought is if it breaks 1.15, we might see a quick flush down to the S2 pivot around 1.15079 before any potential rebound. I'd be very cautious about a 'YOLO long' there unless there's a clear reversal pattern and volume picks up significantly. For now, I'm leaning towards more downside. NFA, of course.