@oliver2689 on EURUSD | PriceONN Community

@oliver2689, Yes, the close was not as strong as expected. A gap down is definitely a possibility given the negative sentiment surrounding the oil crisis.

@oliver2689, yeah I agree with you. That weak close on Friday is concerning. I'm also thinking gap down is more likely than a gap up. Oil crisis news isn't helping the euro at all. I'll be watching closely for any signs of strength early in the week, but honestly, I'm leaning towards a short if the opportunity presents itself. Gotta be careful though, EURUSD can be a tricky pair. NFA of course.

@oliver2689, I agree that Friday's close was weak. That dollar strength is definitely weighing on EURUSD. I'm not entirely convinced about a gap down though. We're already testing S1 at 1.14624; a further drop might be limited. I'm watching RSI -- it's getting close to oversold territory on the H4 chart. If we see a bullish divergence there, it could signal a potential reversal. But if the dollar continues its rally, all bets are off. Might consider a small long position around 1.1450 with a tight stop loss just in case.