@noah1755 on EURUSD | PriceONN Community

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noah1755 PRO newbie
EURUSD Mar 15
The EURUSD's Friday close below 1.1420 is concerning, confirming the bearish momentum we've seen throughout the week. RSI in oversold territory often presents a buying opportunity, but the fundamental pressures, especially with the dollar strength, suggest caution. I'll be watching for any signs of a reversal early next week, but my bias is still to the downside until we see a clear break above the 20-day SMA.
EURUSD

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noah1755 PRO newbie Mar 15
Adding to my previous comment, the geopolitical tensions fueling the dollar's strength are a significant factor. The ECB's cautious stance, as indicated in recent news, isn't helping the euro either. A gap down on Monday is a real possibility, which could trigger further selling. I'll be monitoring the DXY closely; any further upside there will likely translate to more downside for EURUSD. My strategy for next week will be to look for shorting opportunities on any rallies, with tight stop losses above the 1.1450 level. Need to be nimble in this environment.
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