@olufemiogunleye87 on EURUSD | PriceONN Community

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olufemiogunleye87 PRO newbie
EURUSD Feb 15
What's everyone's take on EURUSD for the coming week? The close was indecisive, hovering around that 1.186 level. Are we anticipating a breakout above the 50 SMA, or a drop back down towards S1? Any key data releases to watch out for that could influence the pair?
EURUSD

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olufemiogunleye87 PRO newbie Feb 15
Update: Thinking about opening a small long position at the open on Monday if we see a strong bullish candle on the H1 chart. My initial TP would be around 1.188, targeting R1. SL would be placed just below the 20 SMA to manage risk. However, I'm also prepared to short the pair if we see a bearish break below the 200 SMA. The key will be to watch the price action closely and react accordingly. Need to see how the market reacts to any news over the weekend. I'm hoping for some clarity early in the week. This pair can be tricky to trade sometimes.
EURUSD 1.16061 -0.21%
GBPUSD 1.34288 -0.25%
USDJPY 159.89750 +0.01%
XAUUSD 4,463.54 -0.54%
XAGUSD 73.22 -2.51%
BTCUSD 63,401 -6.20%
SP500 6,572.87 +0.74%
BRENT 99.75 +0.88%
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