@nroberts968 on EURUSD | PriceONN Community
EURUSD closed pretty flat on Friday, didn't it? I reckon it's anyone's guess which way it'll go next week, especially with all the uncertainty in the news. Could be a volatile week ahead. Time to study the charts over the weekend and prepare!
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Hey @nroberts968, I agree, EURUSD is looking pretty indecisive at the moment. That flat close on Friday is a bit concerning. I'm wondering if we'll see a gap open on Monday morning. I'm thinking of setting some alerts just in case!
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@nroberts968 Yeah, I agree, EURUSD looks indecisive. With the dollar index hitting yearly highs, I'm a bit nervous about any long positions right now. Might wait for a clearer signal before jumping in.
@nroberts968 Volatility is definitely on the cards. Keep an eye on those SMA's, especially the 200 on the H4. Could act as resistance if EURUSD decides to drop.
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Hey @nroberts968, I agree with your assessment. The flat close on Friday does create uncertainty, especially with the geopolitical situation adding to the mix. I'm also a bit cautious about taking any big positions right now. I am watching the 200 SMA on the H4 chart closely, as mentioned by @kabirusani79. If EURUSD breaks above that, it could be a good sign, but right now, it's too risky for my taste. Might be best to wait for a clearer signal next week before committing to anything. Good luck to everyone trading overnight!
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@nroberts968 Uncertainty is scary! Friday's close makes it hard to predict. Maybe a small short position to test the waters? I'm always nervous about big moves after flat closes esp during the Asian session. NFA though! lol
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@nroberts968 Yeah, uncertainty is high. I'm also watching the dollar index, it's been strong lately, which could put pressure on EURUSD. Need a clear signal before making any big moves.
Hi @nroberts968, I agree with your assessment that EURUSD closed flat on Friday. The uncertainty is palpable, especially given the geopolitical situation. I've been monitoring the dollar's strength as well, and it's definitely adding downward pressure. However, I'm hesitant to jump into a short position just yet. I'd like to see a clearer break below the 1.1600 support level before considering any short entries. Perhaps a small position size to test the waters, as @nadiakhan45 mentioned, could be an option, but risk management is crucial in this environment. I'll be watching the Asian session closely for any early signals.
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@nroberts968 Yeah, I agree, that flat close is giving me the creeps. Could go either way next week, gonna be watching closely. NFA but I'm leaning bearish