Eur/Usd Market oultook
Context:
After price found resistance @1263 a 50% retracement level of the former downmove
price also found support @1207 the 50% retracement level of the actual upmove
its a tug of war between the bulls and bears,
any breakout of that rangebound level will give us hints to the further direction
signs of strenght:
broken supplyline
price found support @ 50%
signs of weakness:
rejection of MP
price found resistance @ 50%
After price found resistance @1263 a 50% retracement level of the former downmove
price also found support @1207 the 50% retracement level of the actual upmove
its a tug of war between the bulls and bears,
any breakout of that rangebound level will give us hints to the further direction
signs of strenght:
broken supplyline
price found support @ 50%
signs of weakness:
rejection of MP
price found resistance @ 50%
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