๐ถ๐ต EUR/USD Bounces Off Support Zone ๐ถ๐ต
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๐ถ๐ต EUR/USD Bounces Off Support Zone
๐ถ๐ต Nearest strong support zone: around the fibo level 0.236 of the upward wave.
๐ถ๐ต Nearest strong resistance zone: around the fibo 0.5 level of the downward wave.
๐ถ๐ต Technical environment:
๐ Moving averages: Downtrend
๐ MACD: Uptrend
๐ RSI: Uptrend
๐ถ๐ต Price action: EUR/USD dropped exactly as I wrote in the last post, we landed on a support zone from which a bounce occurred. It looks like we have started to form another upward correction which has the potential to rise even to the area of 1.08 within the coming week
๐ The scenario I'm playing out is a continuation of the increases. 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.
๐ If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. ๐
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.