Context: Eur/Usd remains bearish , however the current rally from the lows brought us yet again near the major resistance level at 14520 , we made a series of higher lows but price is somewhat contradicting at this level which will lead to a momentum driven breakout , if that breakout occures to the downside and price gets rejected at or near the 50% mark of 1120 , we have a sign of a shakeout before the next big advance, a breakthru that 50% level will casue price to test the low at 10800 and maybe the support level of 0500
a breakout to the upside will be a major sign of strenght and a test of the major supplyline will be the result at 1800 ish.
Signs of strength: rally off support higher low
Signs Of weakness: contradiction of price near resistance