InvestMate 💶💵 EUR/USD Continuing Declines 💶💵

14 ก.พ. 2023

💶💵 EUR/USD Continuing Declines

💶💵 Nearest strong support zone: around the 0.382 fibo level of the downward wave.

💶💵 Nearest strong resistance zone: around local peaks.

💶💵 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Uptrend

📊 RSI: Downtrend

💶💵 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.

📉 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.

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18 ก.พ. 2023

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