Euro / U.S. DollarShort
š¶šµ EUR/USD Continuation of Declines š¶šµ
š¶šµ EUR/USD Continuation of Declines
š¶šµ Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak.
š¶šµ Nearest strong resistance zone: around recent highs.
š¶šµ Technical environment:
- Moving averages: 50/50
- MACD: Downward trend
- RSI: Downward trend
š¶šµ Price action: after the strong reaction of the strengthening of the dollar yesterday, we are in the process of making an upward correction back to the area of the previous accumulation.
š¶šµ The scenario I am playing is to wait for the end of the correction and accumulation in order to join the upcoming downward wave. 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.
šIf 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 fibo 0.236 level of the wave from the bottom to the local peak.
š¶šµ Nearest strong resistance zone: around recent highs.
š¶šµ Technical environment:
- Moving averages: 50/50
- MACD: Downward trend
- RSI: Downward trend
š¶šµ Price action: after the strong reaction of the strengthening of the dollar yesterday, we are in the process of making an upward correction back to the area of the previous accumulation.
š¶šµ The scenario I am playing is to wait for the end of the correction and accumulation in order to join the upcoming downward wave. 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.
šIf 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
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Disclaimer
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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.