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FxWirePro: EUR/USD trades highly volatile due to uncertainty in Greece, good to stay away from market

  • RES 4: 1.1293 (Cloud bottom)
  • RES 3: 1.12350 (Jun 24th high)
  • RES 2: 1.1200
  • RES1 : 1.1166 (20 day 4 HMA)


  PRICE: 1.1161 @ 11:45 GMT 

  • SUP 1: 1.1086(Kijun -Sen)


  • SUP: 2.1.1780 (Jun 15th low)


  • SUP 3: 1.1100


  • SUP 4: 1.1042 (Jun 5th low)

    Commentary:

EUR/USD has recovered till 1.1140 after making  a low of 1.0956. Overall trend is still neutral and is good to wait for further confirmation.

On the downside minor support is around 1.1080 and any break below  will drag the pair further down till 1.1050/1.100 level.

It is good to stay away from markets 

 

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