💶💵 EUR/USD This Is Not the Beginning of the Increases 💶💵
💶💵 EUR/USD This Is Not the Beginning of the Increases
💶💵 Nearest strong support zone: around 0.382 fibo levels of the downward wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
💶💵 Price action: EUR/USD Broke out today on the upside after Friday's declines, it looks to me like a failed attempt to continue the uptrend not taking into account the fact that it is very unlikely at this point due to the growing strength of the US dollar . In the coming days, I expect a continuation of the declines and a test of the strong support zone .
📉 The scenario I am playing out is a continuation of the 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 0.382 fibo levels of the downward wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
💶💵 Price action: EUR/USD Broke out today on the upside after Friday's declines, it looks to me like a failed attempt to continue the uptrend not taking into account the fact that it is very unlikely at this point due to the growing strength of the US dollar . In the coming days, I expect a continuation of the declines and a test of the strong support zone .
📉 The scenario I am playing out is a continuation of the 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. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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Disclaimer
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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.