Euro / U.S. DollarShort
š¶šµ EUR/USD Correction Time š¶šµ
š¶šµ EUR/USD Correction time š¶šµ
š¶šµ Nearest strong support zone: around the 0.236 level of the entire upward wave.
š¶šµ Nearest strong resistance zone: around the recent maxima.
š¶šµ Technical environment:
- Moving averages: Uptrened
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Uptrend
š¶šµ Price action: EUR/USD Maintains its upward momentum reaching the 1.083 area today from where I expect a downward correction to be realized. Looking at the importance of the 1.08 level in the past, it doesn't look like EUR/USD can handle it the first time. I expect the execution of a larger correction from the current levels. It doesn't look like there will be any more buyers at the current levels.
š¶šµ The scenario I'm playing out is the start of a larger downward correction. 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.
š¶šµPlease do not suggest the path I have outlined with lines it is only a hypothetical scenario.
š 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. š
š¶šµ Nearest strong support zone: around the 0.236 level of the entire upward wave.
š¶šµ Nearest strong resistance zone: around the recent maxima.
š¶šµ Technical environment:
- Moving averages: Uptrened
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Uptrend
š¶šµ Price action: EUR/USD Maintains its upward momentum reaching the 1.083 area today from where I expect a downward correction to be realized. Looking at the importance of the 1.08 level in the past, it doesn't look like EUR/USD can handle it the first time. I expect the execution of a larger correction from the current levels. It doesn't look like there will be any more buyers at the current levels.
š¶šµ The scenario I'm playing out is the start of a larger downward correction. 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.
š¶šµPlease do not suggest the path I have outlined with lines it is only a hypothetical scenario.
š 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. š
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
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.
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
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.