💶💵 EUR/USD Anticipating A Waterfall 💶💵

💶💵 EUR/USD Anticipating A Waterfall

💶💵 Nearest strong support zone: around the 0.236 fibo level of the upward wave.

💶💵 Nearest strong resistance zone: around recent local peaks.

💶💵 Technical environment:

- Moving averages: Uptrend

- MACD: 50/50

- RSI: Downtrend (divergence)

💶💵 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.

💶💵 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.

💶💵 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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