ECB reject Greek collateral, EUR/USD strongly down!
EUR/USD erase yesterday’s gain! The pair reached the top at 1.1533 resistance yesterday, after wich the pair turn down again. During the day the pair had a bearish tone and create down trendline which has pushed the pair down bellow minor support at 1.1400/20, which emediately has become the resistance. After the ‘ECB’s news’, the pair hunt a few stops above the resistance and turn strongly down, aiming 1.1310, the level from where euro has boosted yesterday. If that level breaks, next ‘station’ is 1.1260/80. Nice move and back to the start! 🙂