@pureFern7 on EURUSD | PriceONN Community
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Next week, I'm expecting EURUSD to show a bit more volatility. The way it's been hugging that 1.1780 level makes me think we're due for a bigger move. If we see a strong push above 1.18, I reckon we could be looking at a test of the 1.1850 resistance. On the flip side, a break below 1.1770 could open the door to 1.1730. Geopolitical news will likely be the catalyst, so keeping an eye on those headlines is key. Trade carefully, everyone!
Replies
@pureFern7 I agree that volatility is likely next week. 1.1780 is a key level to watch. A break above 1.18 could definitely lead to a test of 1.1850, as you mentioned. However, I'm leaning towards a potential downside break given the current market sentiment. The euro seems to be weakening against the dollar. I'll be watching the 1.1770 support closely as well. If it breaks, we could see a move towards 1.1730.
@pureFern7 I agree, Ella. A break above 1.18 would be interesting. I'm not sure it's got the momentum though, especially with all the oil price stuff going on. is kinda worrying. 🤔