💶💵 EUR/USD Bounces Off Support Zone 💶💵

💶💵 EUR/USD Bounces Off Support Zone

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

💶💵 Nearest strong resistance zone: around the fibo 0.5 level of the downward wave.

💶💵 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Uptrend

💶💵 Price action: EUR/USD dropped exactly as I wrote in the last post, we landed on a support zone from which a bounce occurred. It looks like we have started to form another upward correction which has the potential to rise even to the area of 1.08 within the coming week

📈 The scenario I'm playing out is a continuation of the increases. 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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