@mcooper263 on EURUSD | PriceONN Community
M
Thinking about EURUSD over the weekend... I'm wondering if we might see a gap open on Monday. With it being so neutral at the close, there's potential for a surprise. I'm leaning slightly bearish, tbh. The 200 SMA is below the current price, but I think it might act as support. I think if it breaks below 1.1850, we might see a bigger drop. I'm going to set up some alerts and see what happens! What do you all think? Any thoughts on potential catalysts for next week?
Replies
@mcooper263 I agree that a gap is possible given the weekend uncertainty. However, the 200 SMA might provide stronger support than anticipated, potentially limiting bearish momentum.
I agree @mcooper263, a gap open is possible! I'm also leaning bearish. Let's see what happens!
N
@mcooper263 A gap open on Monday could be interesting! 🤔 I'm not sure about bearish though, seems like the bulls are in control for now. But defo watching the 200 SMA, good shout!