EUR/USD, 1.111 as temporary support or?

eur-usd 24.01

On Friday, EUR/USD finaly find the buyers at 1.1114 level after which they pushed the pair up to 1.1288, where the bears stoped them and return the pair again to 1.1207, where the pair close the previous week. EUR/USD didn’t manage to cover 38.2 fibo retracement from the ‘ECBs QE decision fall’ which was started at January 22. from 1.1637.

greek elections

Greek elections today and possible Syriza win could be the new problem for euro and it will be interesting to see, how will market react after the official results from Greece. For now, exit polls shows that Syriza party is on the strong lead. Happy trading!

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2 comments

  • Nice Mario, is this double bottom? Do you trade this pair?

    Liked by 1 person

    • Possible Sandy. Yes, I am long from yesterdays night ‘Greek move’ at 1.1125!

      Like

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