InvestMate 💶💵 EUR/USD Time to Start Accumulation 💶💵

8 feb 2023

💶💵 EUR/USD Time to Start Accumulation

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

💶💵 Nearest strong resistance zone: around recent peaks.

💶💵 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Downtrend

💶💵 Price action: EUR/USD Still struggling around 1.07, clearly having trouble continuing the uptrend by bouncing off the 200 period moving average again but also having trouble generating another strong downward momentum. It looks to me that the coming days will bring us accumulations at current price levels.

📉 The scenario I'm playing is to wait for a new downward impulse to start. 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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9 feb 2023

Nota