πΆπ΅ EUR/USD This Is Not the Beginning of the Increases
πΆπ΅ Nearest strong support zone: around 0.382 fibo levels of the downward wave.
πΆπ΅ Nearest strong resistance zone: around local peaks.
πΆπ΅ Technical environment:
π Moving averages: 50/50
π MACD: Uptrend
π RSI: Downtrend
πΆπ΅ Price action: EUR/USD Broke out today on the upside after Friday's declines, it looks to me like a failed attempt to continue the uptrend not taking into account the fact that it is very unlikely at this point due to the growing strength of the US dollar . In the coming days, I expect a continuation of the declines and a test of the strong support zone .
π The scenario I am playing out is a continuation of the declines. 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, I encourage you to leave a like and follow on my profile. π
πΆπ΅ Nearest strong support zone: around 0.382 fibo levels of the downward wave.
πΆπ΅ Nearest strong resistance zone: around local peaks.
πΆπ΅ Technical environment:
π Moving averages: 50/50
π MACD: Uptrend
π RSI: Downtrend
πΆπ΅ Price action: EUR/USD Broke out today on the upside after Friday's declines, it looks to me like a failed attempt to continue the uptrend not taking into account the fact that it is very unlikely at this point due to the growing strength of the US dollar . In the coming days, I expect a continuation of the declines and a test of the strong support zone .
π The scenario I am playing out is a continuation of the declines. 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, I encourage you to leave a like and 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
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«