USD/EGP rate analysis U.S. DOLLAR / EGYPTIAN POUNDFX_IDC:USDEGPmnmabroukw36ixUSD/EGP I don’t think USD/EGP follows classic technical analysis rules. 🤔 It feels more like trend analysis than candle analysis. 📉 But in the last few months, price has started to respect Fibonacci levels. 🌀 Especially since February, after the war started and we saw the 17% move. ⚠️ Now we have clear levels on the chart. 👀 53.60 = main resistance 🚧 51.69 = main support 🛟 For now, price is trading in a short-term range: 🔄 52.88 53.25 Momentum looks slightly bearish. 🐻 We are moving inside a small downtrend channel. 📉 Price is making lower highs and lower lows. ⬇️ This move gets confirmed if we break 52.52. 🚨