Invezted

Eur/Usd Weekly Market Outlook 11.05-12.05

FX:EURUSD   Euro Fx/U.S. Dollar
33 0 2
Context:
the pair still remains in a down trend , even thou price found support @1.050 and broke a minor resistance @1.1020,
the current rallie got stopped at a fromer middlepoint @1.354 , price may retest the former broken resistance
@1.102 if that level holds we will see a retest of 1.1354 again, a breakout of the current resistance will lead to
@1.154 respectively the supplyline.

signs of strenght:
price found support
broken resistance

signs of weakness:
down trend
middlepoint @1.1354 got rejected
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