InvestMate 💶💵 EUR/USD Continuing Declines 💶💵

7 feb 2023

💶💵 EUR/USD Continuing Declines

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

💶💵 Nearest strong resistance zone: around recent highs.

💶💵 Technical environment:

📊 Moving averages: Downtrend.

📊 MACD: Downtrend

📊 RSI: Downtrend

💶💵 Price action: EUR/USD Bounced off the moving average and started the continuation of its downtrend, it looks like within the next few days we will find ourselves at the first support zone marked on the chart, but I do not rule out the possibility of a rollercoaster near 1.07. It is rare that after such sharp declines the price continues to fall without any problem.

📉 The scenario I am playing out is a continuation of the 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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8 feb 2023

Nota