InvestMate|EUR/USD Strong Resistance Zone Ahead💶💵
💶💵EUR/USD Strong resistance zone ahead.
💶💵As you can see, EUR/USD has broken out to new highs and failed to execute my downside scenario.
💶💵Today's entire move was made on the back of inflation readings which fell for another month in a row, igniting investor hopes of looking for a peak in interest rate hikes.
💶💵An opportunity like this cannot be wasted and on a wave of optimism I will present you my new scenario on EUR/USD
💶💵Beginning with the fact that we broke through a very strong resistance zone which has now turned into a support zone.
💶💵There is another very significant resistance zone ahead, determined by a cluster of 2 fibo levels. The first level is 0.886 of the entire upward wave from the covid bottom to the 2021 peak. The second level is 0.786 of the wave from the 2017 bottom to the 2018 peak.
💶💵I expect that the price on a wave of optimism is able to reach around these levels.
💶💵MACD and RSI also confirm my scenario. Both two indicators are extremely bullish at the current moment.
💶💵The scenario I'm playing out is a continuation of the upside with a final reach to the 1.08 price area where I'll be watching closely to see how the price will react. 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.🚀
💶💵As you can see, EUR/USD has broken out to new highs and failed to execute my downside scenario.
💶💵Today's entire move was made on the back of inflation readings which fell for another month in a row, igniting investor hopes of looking for a peak in interest rate hikes.
💶💵An opportunity like this cannot be wasted and on a wave of optimism I will present you my new scenario on EUR/USD
💶💵Beginning with the fact that we broke through a very strong resistance zone which has now turned into a support zone.
💶💵There is another very significant resistance zone ahead, determined by a cluster of 2 fibo levels. The first level is 0.886 of the entire upward wave from the covid bottom to the 2021 peak. The second level is 0.786 of the wave from the 2017 bottom to the 2018 peak.
💶💵I expect that the price on a wave of optimism is able to reach around these levels.
💶💵MACD and RSI also confirm my scenario. Both two indicators are extremely bullish at the current moment.
💶💵The scenario I'm playing out is a continuation of the upside with a final reach to the 1.08 price area where I'll be watching closely to see how the price will react. 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 💲
💲 www.t.me/Investmatez 💲
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