InvestM💶💷 EUR/GBP Bounces Off Resistance Zone Beautifully 💶💷

💶💷 EUR/GBP Bounces Off Resistance Zone Beautifull

💶💷 Nearest strong support zone: around recent highs.

💶💷 Nearest strong resistance zone: around the fibo 0.5 levels of the upward wave.

💶💷 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Downtrend

📊 RSI: Downtrend

💶💷 Price action: EUR/GBP perfectly bounced off a strong resistance zone heading south again. Looking at the volatility it looks like a highly volatile week is ahead of us on this pair, looking at the formation I expect further continuation of declines. It is likely that within the current week we will fall to the support zone marked on the chart.

📉 The scenario I am playing out is a continuation of the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.

🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀