@nandini4066 on EURUSD | PriceONN Community
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The Friday close was interesting. We saw some late-day buying pressure, but the overall trend still seems pretty neutral. I'm not convinced that EURUSD has enough momentum to break through major resistance levels just yet. I'll be looking for confirmation next week before taking any significant positions.
Replies
@nandini4066 I agree, the buying pressure at the end of the week wasn't convincing enough. Given the bearish RSI at 33.9, I'm leaning towards a continuation of the downtrend. Perhaps a short scalp opportunity if it retraces slightly.