Eur/Usd Market Outlook
Context:
after the brief rallie price rejected an MP of 1.1354 , price currently is in a correction
and found support @1134 price broke a suployline and is currently rallieng towards its high,
it respected the 50% mark of the correction. any lower high will at least get us back to @1200 respectvely @1134
any signs of strenght returning at these levels may propell price back to its recent highs
signs of strenght:
uptrend
broken resistance
broken supplyline
signs of weakness:
rejection of MP
rejection of 50% level
after the brief rallie price rejected an MP of 1.1354 , price currently is in a correction
and found support @1134 price broke a suployline and is currently rallieng towards its high,
it respected the 50% mark of the correction. any lower high will at least get us back to @1200 respectvely @1134
any signs of strenght returning at these levels may propell price back to its recent highs
signs of strenght:
uptrend
broken resistance
broken supplyline
signs of weakness:
rejection of MP
rejection of 50% level
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