InvestMate

💶💵EUR/USD First Increases Then Decreases💶💵

FX:EURUSD   Euro / U.S. Dollar
💶💵EUR/USD First Increases Then Decreases

💶💵EUR/USD finally flew down beautifully, exactly as I've been writing for the past week.

💶💵It looks like this is just the beginning of the declines.

💶💵But after such a strong downward impulse, we should make a small upward correction at least to the vicinity of 1.06 where I have set a local resistance zone.

💶💵The target support zone so far is around the 0.236 level of the entire upward wave. But I do not rule out a deeper correction if the technical environment confirms such a scenario.

💶💵The scenario I am playing out is the continuation of declines after the execution of an upward 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.

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