@jhall476 on EURUSD | PriceONN Community
J
EURUSD really got hammered this week, huh? Weekly close way below the 200 SMA, and RSI's oversold now. I'm thinking we might see a bit of a bounce early next week, maybe a retest of that 1.1450 area, but overall the trend is still down. Gonna be watching closely for any signs of a reversal, but I'm leaning towards shorting on any rallies.
Replies
J
Oh, and I forgot to mention, I'm also watching for a potential gap open on Monday. With the market closed and all the news over the weekend, anything could happen..
Hi @jhall476, yes, the EURUSD has been rough. I agree that we might see a bounce attempt soon, especially with the RSI looking oversold on the daily chart. Watching that 1.1450 area for sure.