@MatthewAllen69 on EURUSD | PriceONN Community
M
So, looking at EURUSD over the weekend. Friday's close was below both the 20 and 50 SMAs, which is definitely bearish. The RSI is sitting pretty low too, around 32. I'm not expecting a huge gap down on Monday, but that strong dollar post-NFP is definitely weighing on this pair. I'm gonna stay out of any trades until we see how it opens and maybe test that 1.1507 support. If that breaks, then yeah, we could see further downside. It's all about managing risk on positions like these, especially when you're not sure about the direction. Gotta watch the geopolitical news too, that's always a wildcard for the dollar.