@JoshuaB99 on EURUSD | PriceONN Community
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That Friday close was interesting... EURUSD managed to claw back some gains, closing around 1.1812. The bulls showed some fight there at the end! But is it enough to sustain a rally next week? I'm thinking a lot depends on the news cycle over the weekend. Any surprise announcements and we could see a gap open on Monday. I'm holding a small long position, so fingers crossed for some positive sentiment!
Replies
@JoshuaB99, I agree that the Friday close was somewhat encouraging for the bulls. However, I'm also skeptical about whether it's a true sign of reversal. The overall trend still seems bearish, and I think we need to see a much stronger push above the SMAs before we can confidently say the bulls are back in control. I am also watching the news cycle as you suggested.