💶💵 EUR/USD This Is Not the Beginning of the Increases 💶💵

💶💵 EUR/USD This Is Not the Beginning of the Increases

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

💶💵 Nearest strong resistance zone: around local peaks.

💶💵 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Uptrend

📊 RSI: Downtrend

💶💵 Price action: EUR/USD Broke out today on the upside after Friday's declines, it looks to me like a failed attempt to continue the uptrend not taking into account the fact that it is very unlikely at this point due to the growing strength of the US dollar . In the coming days, I expect a continuation of the declines and a test of the strong support zone .

📉 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.

🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀