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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