@mwattoo973 on EURUSD | PriceONN Community

I was just thinking about the Fed's stance too. They're staying put while inflation risks are rising, which is usually dollar-negative. Combined with the oil shock, it really does paint a picture of continued dollar weakness, at least in the short term. I'm hoping for a bullish gap open on Monday around the 1.1580 or even 1.1600 level if the momentum carries. However, I'll be cautious with any long positions until we see some confirmation after the open, especially with the potential for volatility and fakeouts that @ChideraN6 mentioned. Let's see if 1.1570 can be decisively broken or if it's just another resistance test. I'm watching this pair closely next week.

Actually, that geopolitical turmoil is a big factor. If oil prices keep surging like that headline mentioned, it could really put pressure on the dollar and boost EURUSD higher.

@mwattoo973 I agree, that geopolitical stuff is definitely a big driver. If oil keeps climbing, the dollar could really suffer, pushing EURUSD up. I'm watching that 1.16 level closely too.