๐ถ๐ต EUR/USD Anticipating A Waterfall
๐ถ๐ต Nearest strong support zone: around the 0.236 fibo level of the upward wave.
๐ถ๐ต Nearest strong resistance zone: around recent local peaks.
๐ถ๐ต Technical environment:
- Moving averages: Uptrend
- MACD: 50/50
- RSI: Downtrend (divergence)
๐ถ๐ต Price Action: EUR/USD After yesterday's attempt to attack local peaks was very quickly thrown off during readings from the US economy which appeared to confirm pessimistic forecasts which contributed to the strengthening of the US dollar. In my opinion, this is the beginning of a new dominant trend in the market. It looks like the next weeks will bring us a weakening of the euro against the US dollar, and this is the scenario I am counting on.
๐ถ๐ต The scenario I am playing out is a continuation of declines to the vicinity of the first support zone. 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.
๐ถ๐ต Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐ 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. ๐
๐ถ๐ต Nearest strong support zone: around the 0.236 fibo level of the upward wave.
๐ถ๐ต Nearest strong resistance zone: around recent local peaks.
๐ถ๐ต Technical environment:
- Moving averages: Uptrend
- MACD: 50/50
- RSI: Downtrend (divergence)
๐ถ๐ต Price Action: EUR/USD After yesterday's attempt to attack local peaks was very quickly thrown off during readings from the US economy which appeared to confirm pessimistic forecasts which contributed to the strengthening of the US dollar. In my opinion, this is the beginning of a new dominant trend in the market. It looks like the next weeks will bring us a weakening of the euro against the US dollar, and this is the scenario I am counting on.
๐ถ๐ต The scenario I am playing out is a continuation of declines to the vicinity of the first support zone. 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.
๐ถ๐ต Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐ 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. ๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ