EURUSD reaction to Greece bailout extension wasn’t that strong so it comes again to well known saying: “Sell the fact”.
Watching H4 timeframe coupled with weekly camarilla levels, we can see that the pair is still trapped in a range. However, the inner triangle which can be seen inside has been broken and the pair is heading towards 1.1280. The break of 1.1280 will lead the pair down to 1.1200 zone. POC comes at 1.1360-1.1370 with interim resistance at 1.1395 followed by 1.1425 and the most important daily resistance 1.1455. While ultimately capped below 1.1455 we can expect 1.1200.
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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