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FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level

FxWirePro- Woodies Pivot(Major)

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FxWirePro- Woodies Pivot(Major)

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EUR/USD recent daily candles see dojis form above 10-DMA

Monday, June 22, 2015 1:56 PM UTC

EUR/USD long-term outlook bearish, bear pennant on monthly chart & spreads favor USD
Pennant break implies new bear leg underway & new long-term lows to then be set
Recent daily candles see dojis form above 10-DMA, suggests indecision
Market reticent to push too far as Greek situation remains in doubt
Negative Greek outcome likely sees knee jerk dive & pennant complete

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EUR/USD recent daily candles see dojis form above 10-DMA

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