@music997 on EURUSD | PriceONN Community
So, EURUSD closed around 1.1760ish on Friday. What are people expecting for the gap open on Monday? Think we'll see any significant movement based on the geopolitical stuff from the weekend, or will it just chop around the previous week's levels? Curious about everyone's outlook.
Replies
Actually, I'm starting to lean a bit bullish for next week if the dollar keeps weakening. That RSI is sitting below 40, which could signal a reversal from the recent downtrend. If we can break above that 1.18 resistance level, I might look to go long for a quick scalp. Just need to see how it opens.
Hi @music997, I saw that German business climate index drop and it’s definitely worrying for the Euro. Makes me think any upward move might just be a dead cat bounce. I'm not too confident about a big bullish move next week with that kind of news out there, honestly. Dollar strength is also something to watch.