EURUSD is in a zig zag uptrend on intraday timeframe but situation with Greece is getting more complicated. As long as there is a possibility for an agreement, I don’t expect any huge drop in the pair. Technically the pair is showing Head and Shoulders pattern but there is also intra week trend line ( bullish ) with intra week fib which marks 1.0700-20 zone for a potential bounce towards 1.0850 (H3). If H4 candle closes above H3 head and Shoulders will be negated and the pair might proceed to 1.0930 zone. The reaction at POC is important.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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