Good morning. EUR declined overnight on disappointing Greek aid-talk results.
EUR found temporary support between the two fib lines highlighted in the hourly chart below. However, it’s probably a safer trading plan to look for selling opportunities on rally to $1.2800
Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on pullback to 1.2800, stop above 1.2850, target below 1.2700
There’s a good chance that the EUR will keep climbing above 103.50-104 due to yen’s weakness across the board these days.
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy at 104.00, target at 106 Continue reading