InvestMate|EUR/USD Start Of A Downward Correction?💶💵

💶💵EUR/USD Start Of A Downward Correction?

💶💵Looking at the behaviour on EUR/USD today.

💶💵I find it hard to take a unanimous opinion on the direction.

💶💵Looking at how the price first knocked out a new peak to then go even lower than before.

💶💵Looking 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

💶💵The target support zone was determined by the level of 0.236 of the entire current upward wave from the bottom.

💶💵I have established a resistance zone around the recent highs.

💶💵Looking at the MACD, it confirms the downward scenario

💶💵The RSI is more hesitant about the direction.

💶💵The 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.

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