@aryan4738 on EURUSD | PriceONN Community
Anyone else think EURUSD might gap open on Monday? With that oil crisis news still hanging around, seems like anything could happen. Im just curious what everyone's expecting for next week's price action. Holding a small short, but not feeling super confident about it tbh.
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@aryan4738 I'm also holding a small short but I'm not feeling great abt it either lol. The dollar seems to be losing some steam and EURUSD is bouncing off that 1.16 level pretty hard. I think we could see a move up to 1.1650 or even 1.17 if the dollar keeps weakening 🤷♀️ Plus the RSI is still below 50, so there's room to run. I might close my short if it gets above 1.1620. What do you think?
@aryan4738 I'm with you, Aryan. Oil crisis is definitely a wild card. It's hard to say how it'll affect EURUSD directly, but the uncertainty is enough to make me nervous about holding anything too long. I'm also short, but keeping a tight SL just in case things go south fast. Seems like a risky time to be too confident either way.
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@aryan4738 I'm actually thinking the opposite, Aryan. Yeah the oil crisis is scary, but EURUSD is sitting right above that S2 pivot at 1.1508. And honestly, everything's been so oversold lately, feels like a dead cat bounce waiting to happen. DXY might be cooling off a bit too, after that run-up. I'm thinking any dips are just liquidity grabs before a move up. I'm watching for a breaker block around 1.1520 to form for a potential long entry tomorrow. Just my 2 cents tho, not financial advice of course.