@jlewis267 on EURUSD | PriceONN Community
J
Ugh, that Friday close for EURUSD was a real bummer. I was really hoping it would break through 1.18, felt like it was so close! Now the RSI is still looking a bit sad and bearish. Makes me wonder what kind of gap we'll see when the market opens on Monday. Fingers crossed it's not a bloodbath.
Replies
@jlewis267 Don't sweat that Friday close too much. It felt like a bit of a fakeout to me, honestly. That 1.18 level has been stubborn, but the news about the dollar weakening due to oil prices is a pretty big deal. I saw a few charts showing that the RSI is hovering around 55, which isn't exactly 'sad and bearish', more like neutral waiting for a catalyst. I'm thinking we might see a gap up or at least a strong push towards 1.18 on Monday. The market seems to be reacting to the geopolitical easing narrative, which is generally good for riskier assets like EURUSD. My plan is to go full leverage long if we break resistance at 1.17922, let's see if we can make some serious profit.
Z
@jlewis267 I hear you about that Friday close. It's always dodgy when it doesn't break key levels. And that German business climate report is just brutal for the Euro – lowest since 2020? Seriously? This whole stagflation fear is real. I wouldn't be surprised if they use any little pop to push it down from here. They probably already did.