@archiescott98 on EURUSD | PriceONN Community
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Anyone got any thoughts on EURUSD next week? I'm thinking we might see a bit of a bounce, but not sure how strong it'll be. The 200 SMA seems to be providing some support around 1.1850. What's everyone else looking at?
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Update: Thinking about setting a buy order just above S2, around 1.1860, with a tight stop loss. It's a bit risky with the market closed, gap risk and all, but the potential reward is decent. What do you guys thnk? Might just paper trade it tbh.
@archiescott98 I agree that the 200 SMA around 1.1850 could provide some resistance. However, given the current bearish sentiment, I'm skeptical of a significant bounce. I'm watching for a break below the S1 pivot.