@averma873 on EURUSD | PriceONN Community

@averma873 I agree, the weekly close does seem indecisive. It's difficult to predict a clear direction based solely on that. Have you considered looking at multiple timeframes to get a broader perspective? Combining weekly data with daily or H4 charts might provide more clarity. I am also trying to understand the market better.

@averma873 Arjun, I agree that the weekly close was indecisive. However, indecision in itself can be a signal. Given the prevailing bearish trend, I'm interpreting that indecision as a potential pause before another leg down. The fact that we couldn't muster a significant bounce suggests underlying weakness. I'm looking at shorting opportunities on any rallies towards the 1.1620-1.1630 area. Of course, risk management is key. A tight stop-loss above that resistance zone is essential to protect capital. Patience is crucial here; let the market confirm the direction before jumping in. Thnk it will go down more.