InvestMate

πŸ’ΆπŸ’΅ EUR/USD Correction Time πŸ’ΆπŸ’΅

Short
FX:EURUSD   Euro / U.S. Dollar
πŸ’ΆπŸ’΅ EUR/USD Correction time πŸ’ΆπŸ’΅

πŸ’ΆπŸ’΅ Nearest strong support zone: around the 0.236 level of the entire upward wave.

πŸ’ΆπŸ’΅ Nearest strong resistance zone: around the recent maxima.

πŸ’ΆπŸ’΅ Technical environment:

- Moving averages: Uptrened

- MACD: Uptrend

- RSI: Uptrend

- Supertrend: Uptrend

πŸ’ΆπŸ’΅ Price action: EUR/USD Maintains its upward momentum reaching the 1.083 area today from where I expect a downward correction to be realized. Looking at the importance of the 1.08 level in the past, it doesn't look like EUR/USD can handle it the first time. I expect the execution of a larger correction from the current levels. It doesn't look like there will be any more buyers at the current levels.

πŸ’ΆπŸ’΅ The scenario I'm playing out is the start of a larger downward correction. 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.

πŸ’ΆπŸ’΅Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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