InvestMate 💶💷 EUR/GBP Flies to Re-Test Resistance Zone 💶💷
💶💷 EUR/GBP Flies to Re-Test Resistance Zone
💶💷 Nearest strong support zone: around the fibo 0.5 level of the upward wave.
💶💷 Nearest strong resistance zone: around the fibo 0.236 level of the upward wave.
💶💷 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
💶💷 Price action: EUR/GBP, after sharp long declines, found today support near the 0.88250 level after which it started making an upward correction. This looks like a retest of the area around the resistance zone which, in my opinion, will contribute to the continuation of declines. It is worth watching this pair as it may create good conditions for further declines next week.
📉 The scenario I am playing out is a continuation of declines after a test of the vicinity of the resistance zone. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
💶💷 Nearest strong support zone: around the fibo 0.5 level of the upward wave.
💶💷 Nearest strong resistance zone: around the fibo 0.236 level of the upward wave.
💶💷 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
💶💷 Price action: EUR/GBP, after sharp long declines, found today support near the 0.88250 level after which it started making an upward correction. This looks like a retest of the area around the resistance zone which, in my opinion, will contribute to the continuation of declines. It is worth watching this pair as it may create good conditions for further declines next week.
📉 The scenario I am playing out is a continuation of declines after a test of the vicinity of the resistance zone. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.