πΆπ΅ EUR/USD Chance for Continuation of Increases?
πΆπ΅ Nearest strong support zone: around the last correction bottom.
πΆπ΅ Nearest strong resistance zone: outer fibo level 1.272 of the last downward correction.
πΆπ΅ Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Uptrend
- Supertrend: Uptrend
πΆπ΅ Price action: EUR/USD Still struggling to maintain gains. Friday's session brought us a strong rebound and a return to the uptrend. The candle at over 1.5% really stands out from the rest, we are currently at 0.618 fibo level of the wave from peak to bottom. At the current moment, there is a good chance to continue the uptrend from current levels. I recommend watching the resistance zones marked on the chart.
πΆπ΅ The scenario I'm playing out is a continuation of the uptrend but with some caution about the ranges, I'll be watching closely the resistance zones that lie ahead. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
π If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. π
πΆπ΅ Nearest strong support zone: around the last correction bottom.
πΆπ΅ Nearest strong resistance zone: outer fibo level 1.272 of the last downward correction.
πΆπ΅ Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Uptrend
- Supertrend: Uptrend
πΆπ΅ Price action: EUR/USD Still struggling to maintain gains. Friday's session brought us a strong rebound and a return to the uptrend. The candle at over 1.5% really stands out from the rest, we are currently at 0.618 fibo level of the wave from peak to bottom. At the current moment, there is a good chance to continue the uptrend from current levels. I recommend watching the resistance zones marked on the chart.
πΆπ΅ The scenario I'm playing out is a continuation of the uptrend but with some caution about the ranges, I'll be watching closely the resistance zones that lie ahead. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
π If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. π
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π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
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