EUR/USD, let's trade another 'Greekweek'!
It was interesting Friday, isn’t it? EUR/USD get wings after the pair touched H4/MA100 at 1.1150 anf fly high all the way to 1.1296, after wich the pair retreated back to 1.1253 and close the week. Well, news over the weekend wasn’t optimistic for the Greek deal and the pair opened the week with 24 pips minus gap, at 1.1219. EUR/USD has find support at 1.1188 early in the morning, and rebounded to the first resistance again, with 1.1248 high for now, the pair is trying to fill up the gap. What next? It’s obvious that the news will drive the pair furder, this could be another ‘Grekweek ride’ here. Watch the technical levels, 1.1250/60 is the first resistance, down trendline and there is second resistance at 1.1280/90, after wich the bulls would like to take 1.1380/90 > 1.1450/60. On the way down, 1.1180/200 is the first support, several MA’s bellow, many buyers are waiting above the 1.1030/60 and that is the target for the bears.