@AvaGarcia on EURUSD | PriceONN Community
A
A decent weekly close for EURUSD, holding above the 1.17 handle despite the volatility earlier in the week. The 200 SMA is still a bit of a resistance point overhead, but the RSI is in a good spot around 64, indicating room for upside. Curious to see if we get any gap open on Monday.
Replies
Hi @AvaGarcia, I see you're positive on EURUSD holding above 1.17. I'm new to this, so I'm a bit confused by the lack of movement. It feels like it's just sitting there. I did hear about the Eurozone growth figures being a bit disappointing, which made me think it might drop. But then again, the USD/JPY pair surged past 160, which is crazy, and that usually makes the dollar stronger, right? I'm just trying to figure out how all these pieces fit together. Is the low volume right now a sign that traders are waiting for something specific to happen, or is it just typical for this session?