💶💵 EUR/USD Chance for Continuation of Increases? 💶💵

💶💵 EUR/USD Chance for Continuation of Increases?

💶💵 Nearest strong support zone: around the last correction bottom.

💶💵 Nearest strong resistance zone: outer fibo level 1.272 of the last downward correction.

💶💵 Technical environment:

- Moving averages: Uptrend

- MACD: Downtrend

- RSI: Uptrend

- Supertrend: Uptrend

💶💵 Price action: EUR/USD Still struggling to maintain gains. Friday's session brought us a strong rebound and a return to the uptrend. The candle at over 1.5% really stands out from the rest, we are currently at 0.618 fibo level of the wave from peak to bottom. At the current moment, there is a good chance to continue the uptrend from current levels. I recommend watching the resistance zones marked on the chart.

💶💵 The scenario I'm playing out is a continuation of the uptrend but with some caution about the ranges, I'll be watching closely the resistance zones that lie ahead. 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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