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The progress in the Greece case support the EUR/USD as the pair rebounded two times from the 1.1180 resistance level and at the moment it is close to 1.1147. I think we will see another try to broke above that tomorrow.
And there still was no deal on Greece
What will happen when the deal is struck?
And there still was no deal on Greece What will happen when the deal is struck?
Level 1.150 and then fall to 1.000 :):)
EURUSD is now testing the resistance of the lower part of long term bearish channel. In case it breaks up, prices around 1.140 can be expected. In case that it holds, then the usual support levels downwards can be expected. Now still all depends more on political than fundamental news - not a good trading situation (political news are unpredictable and extremely manipulated - as we saw yesterday)
Looks like they are getting ready for another jump
Draghi is not trying t talk down the Euro. We can take this as a sign that they are changing expectations
EURUSD is now testing the resistance of the lower part of long term bearish channel. In case it breaks up, prices around 1.140 can be expected. In case that it holds, then the usual support levels downwards can be expected. Now still all depends more on political than fundamental news - not a good trading situation (political news are unpredictable and extremely manipulated - as we saw yesterday)
Definitely not good trading situation.
Looks like we shall see much higher EURUSD soon - Draghi does not care
EUR/USD rose to 1.1285 after found good support at 1.1090 level today but fell lately to 1.1250, let us see if tomorrow the pair going to continue the up trend.
I think EUR/USD will continue climbing at least until it reaches 1.1440, which is the previous high, and should it break above that resistance the move to the upside will continue until the pair reaches target 1.1570, which is a significant level of resistance too.