Eur/Usd Market Outlook
Context:
the down move from resistance happenend on rather strong selling pressure , price made minor
pauses instead of minor corrections , however currently price found support @11300 in the form
of indecision as seen on the orange wedge , and however that indecision resolves itself will give us
a further insight on th future course of the market for the time beeing , any breakout of that level
with follow thru may carry out todays direction.
signs of strenght:
none
signs of weakness:
resistance
strong selling pressure
the down move from resistance happenend on rather strong selling pressure , price made minor
pauses instead of minor corrections , however currently price found support @11300 in the form
of indecision as seen on the orange wedge , and however that indecision resolves itself will give us
a further insight on th future course of the market for the time beeing , any breakout of that level
with follow thru may carry out todays direction.
signs of strenght:
none
signs of weakness:
resistance
strong selling pressure
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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.