๐ถ๐ต EUR/USD Continues Declines
๐ถ๐ต Nearest strong support zone: around the 0.382 fibo level of the downward wave.
๐ถ๐ต Nearest strong resistance zone: around recent peaks.
๐ถ๐ต Technical environment:
๐ Moving averages: Downtrend.
๐ MACD: Downtrend
๐ RSI: Downtrend
๐ถ๐ต Price Action: EUR/USD Continues declines during Monday's session, with some room left for declines into a strong support zone. For now, a small correction around 1.07 can be expected to occur before further potential declines.
๐ The scenario I am playing out is a continuation of declines to the vicinity of support zones. 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.
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