πΆπ΅ EUR/USD Correction time πΆπ΅
πΆπ΅ Nearest strong support zone: around the 0.236 level of the entire upward wave.
πΆπ΅ Nearest strong resistance zone: around the recent maxima.
πΆπ΅ Technical environment:
- Moving averages: Uptrened
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Uptrend
πΆπ΅ 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.
πΆπ΅ 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.
πΆπ΅Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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 0.236 level of the entire upward wave.
πΆπ΅ Nearest strong resistance zone: around the recent maxima.
πΆπ΅ Technical environment:
- Moving averages: Uptrened
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Uptrend
πΆπ΅ 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.
πΆπ΅ 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.
πΆπ΅Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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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