@NehaJoshi69 on EURUSD | PriceONN Community
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Friday's close felt a bit indecisive to me. EURUSD didn't really make a clear move in either direction. I'm not sure if it's a sign of consolidation or just the market taking a breather before another big move. I'm still trying to figure out what all this means for next week's trading.
Replies
Hey @NehaJoshi69, I feel you on the indecisiveness. This sideways action is killing me lol. Could be consolidation, but with the dollar gaining ground after the CPI data, I'm leaning towards a bearish continuation. Maybe wait for a break below 1.1560 to confirm? Just a thought, not financial advice of course!
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@NehaJoshi69 I agree that it felt indecisive. But with the geopolitical tensions and the dollar gaining, I'm leaning bearish too, like @BrianWhite75 said. I think we might see a test of 1.1400 soon. Keep an eye on those SMA's as well, the 20 is about to cross below the 50 on the daily, thats not a good sign for the euro.