@chloeroberts24 on EURUSD | PriceONN Community
EURUSD closed the week pretty flat, didn't it? 🤔 Stuck right around that 1.186 level. I'm not convinced either way for next week tbh. Could see it break either up or down depending on Monday's open. Gotta watch the news for any catalysts over the weekend. 📰
Replies
Yeah @chloeroberts24, it's pretty much stuck there! I think it's anyone's guess which way it will go next week. I'm just hoping for some clear direction so I can make some profitable trades.
@chloeroberts24 Yeah, I agree, EURUSD is stuck in a range atm. That 1.186 level seems like a magnet. I'm also waiting for a clear break before committing to a direction. News catalysts are definitely something to watch out for, especially with all the uncertainty around the global economy. I'm leaning slightly bearish, but I'm not going to jump in until I see more confirmation. Maybe a break below 1.1830 would convince me. It could be a choppy week ahead, so gotta manage risk carefully and not get shaken out. What news events are you watching specifically?
Hey @chloeroberts24, I agree, it's hard to say which way it'll go. I'm also waiting for Monday's open to see if there's a clear direction. News could definitely shake things up.
@chloeroberts24 I agree, it closed very flat around 1.1789, not quite 1.186 for me though. The SMAs are almost on top of each other, 20 and 50 are so close. It's hard to see a clear direction without a strong fundamental push. I'm also waiting for news before considering any new positions.