@ThomasWilliams on EURUSD | PriceONN Community

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ThomasWilliams PRO newbie
EURUSD Mar 1
Given the close proximity of the 20 and 50 SMAs, I'm curious to hear what everyone expects for EURUSD next week. The geopolitical news has introduced significant uncertainty. Will we see a risk-off move pushing EURUSD lower, or will the technicals hold? Any thoughts on potential gap openings on Monday?
EURUSD

Replies (1)

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ThomasWilliams PRO newbie Mar 1
Following up on my previous post, I'm also considering the possibility of a long position if EURUSD opens with a significant gap down and finds support near the S2 pivot. The key will be monitoring volume and price action in the first hour of trading. A strong bullish engulfing candle on the H1 chart would be my signal. Also, the RSI is neutral, so there's room for movement in either direction. I'll adjust my stop loss accordingly based on the initial volatility caused by the breaking news.
EURUSD 1.14436 -0.13%
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