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InvestMate ๐Ÿ’ถ๐Ÿ’ต EUR/USD Continuing Declines ๐Ÿ’ถ๐Ÿ’ต

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๐Ÿ’ถ๐Ÿ’ต EUR/USD Continuing Declines

๐Ÿ’ถ๐Ÿ’ต Nearest strong support zone: around the 0.382 fibo level of the downward wave.

๐Ÿ’ถ๐Ÿ’ต Nearest strong resistance zone: around local peaks.

๐Ÿ’ถ๐Ÿ’ต Technical environment:

๐Ÿ“Š Moving averages: 50/50

๐Ÿ“Š MACD: Uptrend

๐Ÿ“Š RSI: Downtrend

๐Ÿ’ถ๐Ÿ’ต Price action: EUR/UUSD Continues its way south after hitting the 50-period moving average, I still expect the execution of a downward impulse which with its range will take the precious around the nearest strong support zone. Looking at the way the price is behaving, I expect this in the perspective of the currently ongoing week.

๐Ÿ“‰ The scenario I'm playing out is a continuation of 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.

๐Ÿš€ If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. ๐Ÿš€
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๐Ÿ’ถ๐Ÿ’ต EUR/USD Bounces Off Support Zone ๐Ÿ’ถ๐Ÿ’ต

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