๐ถ๐ตEUR/USD Start Of A Downward Correction?
๐ถ๐ตLooking at the behaviour on EUR/USD today.
๐ถ๐ตI find it hard to take a unanimous opinion on the direction.
๐ถ๐ตLooking at how the price first knocked out a new peak to then go even lower than before.
๐ถ๐ตLooking at how the EUR/USD will perform something like a sideways correction with the probability of the price going down around the 1.045 levels
๐ถ๐ตThe target support zone was determined by the level of 0.236 of the entire current upward wave from the bottom.
๐ถ๐ตI have established a resistance zone around the recent highs.
๐ถ๐ตLooking at the MACD, it confirms the downward scenario
๐ถ๐ตThe RSI is more hesitant about the direction.
๐ถ๐ตThe scenario I am playing out is to wait for price to confirm the downward direction. To join the declines. 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.
๐If 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
๐ถ๐ตLooking at the behaviour on EUR/USD today.
๐ถ๐ตI find it hard to take a unanimous opinion on the direction.
๐ถ๐ตLooking at how the price first knocked out a new peak to then go even lower than before.
๐ถ๐ตLooking at how the EUR/USD will perform something like a sideways correction with the probability of the price going down around the 1.045 levels
๐ถ๐ตThe target support zone was determined by the level of 0.236 of the entire current upward wave from the bottom.
๐ถ๐ตI have established a resistance zone around the recent highs.
๐ถ๐ตLooking at the MACD, it confirms the downward scenario
๐ถ๐ตThe RSI is more hesitant about the direction.
๐ถ๐ตThe scenario I am playing out is to wait for price to confirm the downward direction. To join the declines. 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.
๐If 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
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