InvestMate 💶💵 EUR/USD Continuing Declines 💶💵
💶💵 EUR/USD Continuing Declines
💶💵 Nearest strong support zone: around the 0.382 fibo level of the downward wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
💶💵 Price action: EUR/UUSD Continues its way south after hitting the 50-period moving average, I still expect the execution of a downward impulse which with its range will take the precious around the nearest strong support zone. Looking at the way the price is behaving, I expect this in the perspective of the currently ongoing week.
📉 The scenario I'm playing out is a continuation of declines. 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 0.382 fibo level of the downward wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
💶💵 Price action: EUR/UUSD Continues its way south after hitting the 50-period moving average, I still expect the execution of a downward impulse which with its range will take the precious around the nearest strong support zone. Looking at the way the price is behaving, I expect this in the perspective of the currently ongoing week.
📉 The scenario I'm playing out is a continuation of declines. 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. 🚀
Trade closed: target reached
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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.
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💲 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.