@IsabellaP22 on EURUSD | PriceONN Community
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What's everyone expecting from EURUSD next week? I'm still pretty new to this, but it seems like it could go either way. The SMAs are all pretty close together, so I'm not sure if the bullish trend will hold. Anyone have any ideas on what to look out for?
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@IsabellaP22 Next week's direction depends heavily on the economic data releases. Keep an eye on the news. The SMAs being close together indicates consolidation, but the recent bearish price action suggests a potential shift. I would wait for a clear break below 1.1690 before confirming the trend. Otherwise, consolidation between 1.1700 and 1.1750 could be the norm for a while.