💶💵 EUR/USD Bounces Off Support Zone 💶💵
💶💵 EUR/USD Bounces Off Support Zone
💶💵 Nearest strong support zone: around the fibo level 0.236 of the upward wave.
💶💵 Nearest strong resistance zone: around the fibo 0.5 level of the downward wave.
💶💵 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Uptrend
💶💵 Price action: EUR/USD dropped exactly as I wrote in the last post, we landed on a support zone from which a bounce occurred. It looks like we have started to form another upward correction which has the potential to rise even to the area of 1.08 within the coming week
📈 The scenario I'm playing out is a continuation of the increases. 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, I encourage you to leave a like and follow on my profile. 🚀
💶💵 Nearest strong support zone: around the fibo level 0.236 of the upward wave.
💶💵 Nearest strong resistance zone: around the fibo 0.5 level of the downward wave.
💶💵 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Uptrend
💶💵 Price action: EUR/USD dropped exactly as I wrote in the last post, we landed on a support zone from which a bounce occurred. It looks like we have started to form another upward correction which has the potential to rise even to the area of 1.08 within the coming week
📈 The scenario I'm playing out is a continuation of the increases. 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, 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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💲 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.