FX.co ★ EUR/USD

I believe that if this move was purely profit-taking from earlier purchases, then on Monday, the price should quickly rise to 1.1100 as part of the trend resumption. I personally expect growth to continue due to the ongoing weakening of the dollar, which supports a bullish outlook. However, I also recognize that there are nuances to consider, especially when looking at older timeframes. I notice that the downward movement might not yet be over, and in theory, the pair could still drop to 1.0800, completely retracing the recent news-driven rally. I’ve observed similar patterns in other currency pairs, where the market fully absorbs news movements before reversing. I’m torn between opening buy positions tomorrow or waiting a bit longer for confirmation. I chose not to enter on Friday to avoid holding positions over the weekend, as gaps can occur unexpectedly, and I prefer to minimize risk.

When I analyze smaller timeframes, I see signs that the downward correction may have already concluded, with the 1.1000 level acting as sufficient support to complete the pullback. I think the conditions for a renewed upward move are already in place, supported by bullish momentum and dollar weakness. I feel confident about the potential for growth, but I’m also cautious because the broader trend on higher timeframes still suggests the possibility of further downside. I wonder if I should wait for a clearer breakout or confirmation before committing to a long position. I know that patience can be key in trading, but I also don’t want to miss a strong move if the rally resumes early in the week. I’m weighing the pros and cons, considering both technical factors and market sentiment, to make the most informed decision. Ultimately, I believe the market will provide more clarity soon, and I’ll adjust my strategy accordingly.