@surferSamuel on EURUSD | PriceONN Community
EURUSD closed the week with some bullish momentum, but I'm not entirely convinced it's sustainable. The RSI is still hovering around neutral, and we're bumping against the 20 SMA. I'll be watching closely for a break above 1.1825 next week to confirm a genuine breakout. Otherwise, expect a pullback.
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Update: Thinking about the geopolitical situation with Iran, I'm wondering if that could inject some serious volatility into the market early next week. Safe haven currencies might see some increased demand. If EURUSD does pull back, it could present a decent buying opportunity around 1.1780-1.1800, especially if the 50 SMA holds as support. I'll be adjusting my strategy based on how the market reacts to the news. Keeping a close eye on Monday's open. Might even consider a small hedge position over the weekend to mitigate risk.
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@surferSamuel Agree, 1.1825 is key. However, current bearish pressure might invalidate that breakout scenario. Watching price action closely around 1.1680 support.