EUR/USD, steady despite all the bad news!
And, that is the reason why I always talk about technical levels. There was so many news about Greek deal in the last three days, mostly bad ones and what happen with the euro at the end? Nothing! In my last article on the Greek crisis, which I wrote on June 22., I wrote that I will ignore all the up coming news and not to write about it, until the end. And I was right! EUR/USD was choopy in the last couple of days, but you can take a look at my previous analysis and see, that all moves was between small range from 1.1135/50 and 1.1220/30. In between there was several smaller levels wich were the turning points during the day in the range of 30/40 pips roller coaster ride, supported with smaller trend lines, support/resistance levels and MA’s on the most time frames. The pair ended the week at 1.1170, above the strong support at 1.11350/50 which was hold the strongest bears during the last day of the week. I wrote in my previous analaysis, that the buyers are serious and ready at the lower levels for this week, same as the sellers up to 1.1220/30. Let’s see how the pair will open the next week, that will depend on the possible Greek deal or no deal, that’s for sure. If there can be any deal at all!?