InvestMate

πŸ’ΆπŸ’΅ EUR/USD Continuation of Declines πŸ’ΆπŸ’΅

Short
FX:EURUSD   Euro / U.S. Dollar
πŸ’ΆπŸ’΅ EUR/USD Continuation of Declines

πŸ’ΆπŸ’΅ Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak.

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

πŸ’ΆπŸ’΅ Technical environment:
- Moving averages: 50/50
- MACD: Downward trend
- RSI: Downward trend

πŸ’ΆπŸ’΅ Price action: after the strong reaction of the strengthening of the dollar yesterday, we are in the process of making an upward correction back to the area of the previous accumulation.

πŸ’ΆπŸ’΅ The scenario I am playing is to wait for the end of the correction and accumulation in order to join the upcoming downward wave. 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.

πŸš€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.πŸš€

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