@BThompson60 on EURUSD | PriceONN Community
B
Finished my review of last week's EURUSD action. The close on Friday was a bit messy, ended up below the 200 SMA which isn't ideal. We saw some decent selling pressure build up through the week, and the RSI is sitting in oversold territory, but that doesn't guarantee a bounce. I'm keeping an eye on the 1.1500 level as potential support, but honestly, I'm not super optimistic for a strong bullish reversal right out of the gate on Monday. Could see a gap down if global sentiment sours.