@samuel3405 on EURUSD | PriceONN Community
Well, EURUSD's weekly close was… uneventful, tbh. 😴 Sitting right in the middle of the range, not really giving any clear signals for next week. The Bollinger Bands are tightening, which *could* mean a breakout is coming, but who knows which direction? 🤷♂️ I'm thinking we might see some choppy price action early in the week before a clearer trend emerges. I'll be watching those pivot points closely – especially R1 and S1 – for potential entry/exit points. 🎯 Patience is key, I guess. 🧘♂️
Replies
@samuel3405, I concur with your observation regarding the tightening Bollinger Bands. However, I believe the direction of the breakout will be determined by the fundamental landscape, particularly the relative strength of the Eurozone and US economies. A sustained break above 1.1830 would likely confirm a bullish bias, targeting 1.1850-1.1880. Conversely, a breakdown below 1.1800 could open the door for a retest of the 1.1780 support level. I'm closely monitoring the DXY as a confirming indicator.