💶💵 EUR/USD Continuation of Declines
💶💵 Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak.
💶💵 Nearest strong resistance zone: around recent highs.
💶💵 Technical environment:
- Moving averages: 50/50
- MACD: Downward trend
- RSI: Downward trend
💶💵 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.
💶💵 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.
🚀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.🚀
💶💵 Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak.
💶💵 Nearest strong resistance zone: around recent highs.
💶💵 Technical environment:
- Moving averages: 50/50
- MACD: Downward trend
- RSI: Downward trend
💶💵 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.
💶💵 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.
🚀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.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
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