Invezted

Eur/Usd Weekly Market outlook

FX:EURUSD   Euro / U.S. Dollar
162 0 4
Context:



we still remain in an overal downtrend , but we recently gained some strenght , however
we will remain in a downtrend until we have broken the current resistance ,and by extension the
first supplyline. any rejection of the current resistance may bring us back to the broken resistance @1020
and any bullish reaction at this level will give us further insight on the current strenght of the market.

signs of strenght:
minor broken resistance
rallie on increased momentum

signs of weakness:
downtrend
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