💶💵 EUR/USD Next Week = No Increases 💶💵

💶💵 EUR/USD Next Week = No Increases

💶💵 Nearest strong support zone: level of 0.236 pattern wave.

💶💵 Nearest strong resistance zone: around recent peaks.

💶💵 Technical environment:

- Moving averages: Uptrend

- MACD: Uptrend

- RSI: Downtrend (divergence)

💶💵 Price action: EUR/USD during Friday's session did not want to continue rising despite the lack of dollar strength which I believe is yet to come in the coming week. Despite these facts, we were going around in circles. From around the current levels I would sooner look for the possibility of a correction than a continuation of the uptrend. But first we need some kind of accumulation at current levels and several attempts to attack the recent peaks and local Friday lows. Everything will turn out in the coming week, worth watching!

💶💵 The scenario I'm playing is to wait for the end of the accumulation in order to join the likely downward correction. 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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