💶💵 EUR/USD Declines As I Wrote
💶💵 Nearest strong support zone: around the fibo level of the 0.236 rising wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
💶💵 Price action: EUR/USD is again attacking the south direction exactly as I wrote in the last post, the whole slide took place at the beginning of the American session. After such a strong downward slide, we can expect a breakout from the accumulation and perhaps a retest of the entire formation before continuing the decline. All indications are that the Dollar will strengthen over the coming weeks exactly as I wrote in recent posts.
💶💵 The scenario I'm playing out is to wait for a test of the accumulation and join 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.
💶💵 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 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. 🚀
💶💵 Nearest strong support zone: around the fibo level of the 0.236 rising wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
💶💵 Price action: EUR/USD is again attacking the south direction exactly as I wrote in the last post, the whole slide took place at the beginning of the American session. After such a strong downward slide, we can expect a breakout from the accumulation and perhaps a retest of the entire formation before continuing the decline. All indications are that the Dollar will strengthen over the coming weeks exactly as I wrote in recent posts.
💶💵 The scenario I'm playing out is to wait for a test of the accumulation and join 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.
💶💵 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 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. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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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.