EUR/USD, to much 'talk' of nothing!
I didn’t want anything to write on Friday, and today I’m not in the mood as well. Why? Well, there is so many headlines and talk of ‘nothing’, which is moving the market with no sense. But, tehnical analysis works despite everything and all I see is the levels I pointed here before. Greek saga continues, bears are still angry because they can’t break the euro down, everything is the same in the past three weeks. The pair opened the week with gap of -1% at 1.0985, which is almost covered today with high 1.1094, or only 19 pips away from Friday’s closing. Same game over and over, it’s not hard to trade on the market like this one. What next? 1.1040/50 is the first minor support on the way back, 1.1120/30 on the way up. Daily MA100 is placed at 1.1040 today. Ah, let’s see what headlines will be the next ‘mover’!?