EUR/USD, H4 MA100 has stoped the fall!
At least for now, the pair is looking extremely bearish. 1.1180/200 could be the next target for the bears, H4/MA 200 is placed at 1.1190, follows 1.1150, the previous support from June 05. EUR/USD has broke two trend lines in this latest decline, 23.6 fibo as well in the morning. Could the pair recover from this level? Technicaly, the pair is oversold, but on the other side there is several resistance areas now on the way up. While the Greek news are driving the market, it’s hard to analyse the euro, the levels could be broken and recovered easy, but the stronger levels could ‘work’. On the way down 1.1180/200 > 1.1150 is the stronger support, on the way up first resistance is 1.1250/60, follows 1.1280/300.