πΆπ΅ EUR/USD Declines As I Wrote
πΆπ΅ Nearest strong support zone: around the fibo level of the 0.236 rising wave.
πΆπ΅ Nearest strong resistance zone: around local peaks.
πΆπ΅ Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
πΆπ΅ 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.
πΆπ΅ 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.
πΆπ΅ Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
π 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. π
πΆπ΅ Nearest strong support zone: around the fibo level of the 0.236 rising wave.
πΆπ΅ Nearest strong resistance zone: around local peaks.
πΆπ΅ Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
πΆπ΅ 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.
πΆπ΅ 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.
πΆπ΅ Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
π 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. π
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π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
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