💶💵 EUR/USD Declines As I Wrote 💶💵

💶💵 EUR/USD Declines As I Wrote

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

💶💵 Nearest strong resistance zone: around local peaks.

💶💵 Technical environment:

- Moving averages: Uptrend

- MACD: Downtrend

- RSI: Downtrend

💶💵 Price action: EUR/USD is again attacking the south direction exactly as I wrote in the last post, the whole slide took place at the beginning of the American session. After such a strong downward slide, we can expect a breakout from the accumulation and perhaps a retest of the entire formation before continuing the decline. All indications are that the Dollar will strengthen over the coming weeks exactly as I wrote in recent posts.

💶💵 The scenario I'm playing out is to wait for a test of the accumulation and join 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.

💶💵 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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