Euro / British PoundShort
InvestM💶💷 EUR/GBP Bounces Off Resistance Zone Beautifully 💶💷
💶💷 EUR/GBP Bounces Off Resistance Zone Beautifull
💶💷 Nearest strong support zone: around recent highs.
💶💷 Nearest strong resistance zone: around the fibo 0.5 levels of the upward wave.
💶💷 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
💶💷 Price action: EUR/GBP perfectly bounced off a strong resistance zone heading south again. Looking at the volatility it looks like a highly volatile week is ahead of us on this pair, looking at the formation I expect further continuation of declines. It is likely that within the current week we will fall to the support zone marked on the chart.
📉 The scenario I am playing out is a continuation of the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
💶💷 Nearest strong support zone: around recent highs.
💶💷 Nearest strong resistance zone: around the fibo 0.5 levels of the upward wave.
💶💷 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
💶💷 Price action: EUR/GBP perfectly bounced off a strong resistance zone heading south again. Looking at the volatility it looks like a highly volatile week is ahead of us on this pair, looking at the formation I expect further continuation of declines. It is likely that within the current week we will fall to the support zone marked on the chart.
📉 The scenario I am playing out is a continuation of the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.