@william02 on EURUSD | PriceONN Community
EURUSD closed the week pretty bearish, didn't it? That break below 1.1450 was decisive. RSI is oversold but that doesn't mean it can't go lower, especially with the dollar strength we're seeing. I'm expecting a gap down on Monday open unless something drastic happens over the weekend. Time to sharpen the shorting knives, lads.
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Oh and keep an eye on those geopolitical risks too... could throw a wrench in everything, you know?
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Yeah @william02, that weekly close for EURUSD was a bit concerning. I saw the break below 1.1450 too and it looked pretty solid. My main worry is that aggressive leverage with EURUSD this low. I'm seeing the RSI at 61.7 right now, which is actually bullish, but it feels like it could be a dead cat bounce. If the dollar keeps strengthening, I can see this pushing lower. Definitely keeping an eye on that Monday gap.