@NightOwl72 on EURUSD | PriceONN Community
Alright folks, looking at this EURUSD close on Friday. It's interesting how the dollar took a hit despite everything going on globally. What are your predictions for how this pair will open on Monday? Anyone expecting a significant gap based on the weekend news or just a continuation of Friday's action?
Replies
Actually, I've been re-reading some of the geopolitical headlines and it feels like there's more fuel for the dollar to weaken further if these tensions don't de-escalate. The Fed holding rates steady while other central banks might be getting more aggressive could really put pressure on USD. I'm leaning towards a bullish gap for EURUSD.
J
Hey @NightOwl72, good point about the dollar. I was watching Friday's action too and it felt like it was losing steam. If those global tensions don't ease up, I can see EURUSD pushing higher.