EUR/USD, is this hope?

eur-usd july 10.

EUR/USD rises on hope for an agreement between Greece and the EU and this is just a minor positive reaction at Greek concrete bailout proposal. Finaly some concrete move from Tsipras. Technicaly, the pair is struggling today with yesterday’s strong resistance at 1.1120/30 from were the pair has crushed to 1.0990, where the buyers have taken over last night. The pair is looking bulish enough, but this level has sellers, H4/MA 200 and 100 are placed at 1.1147 > 1.1159, bellow next resistance and that could be the next serious test for the bulls if the pair brake this 1.1130. On the wayback, 1.1050/60 is first support, 1.1010/20 next. Daily MA100 is placed at 1.1024, bellow the opening today. This is already a very interesting Friday, there is more to come for sure.

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