💶💵 EUR/USD Will We Break Out Bottom? 💶💵

💶💵 EUR/USD Will We Break Out Bottom?

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

💶💵 Nearest strong resistance zone: area of recent peaks.

💶💵 Technical environment:

- Moving averages: Uptrend

- MACD: Uptrend

- RSI: Downtrend (divergence).

💶💵 Price action: EUR/USD rallied today exactly as I expected, it looks like the scenario I wrote about last time is likely to come true. I don't see any strength in the current place for the continuation of the increases, looking at the long-term perspective we can expect a sharp descent of the price at any time.

💶💵 The scenario I'm 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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