Invezted

Eur/Usd Mapping the Territory w/c 27

FX:EURUSD   Euro / U.S. Dollar
79 0 2
Context:
the resistance level at 12250 held and the lower high was the beginning of an increased selling pressure
which brought us down to the support level of 11340 , where price reacted but the induced rally attempt failed
at the 50% retrace level of 11730 , which is a sign of weakness, the key level here is the support level 11340
as this level is also near the 50% mark of the last rally attempt (27-5-15) which failed at 14520 , which in conclusion
was the first sign of weakness , and with the whole "Grexit" in the background + the recent price behaviour any break
of that support will bring us back to test the levels of 10500 > 10000 > 09000 > 08500

on the other hand should that support level hold , we may stay contained with the range of 11340 and 12250
till there is a significtant change in supply and demand .

Signs of strength:
none

Signs Of weakness:
rejection of resistance
selling pressure
rejection of 50% retracement

Support:
11340
10500
10000

Resistance:
11730
12250
12700

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