- Major resistance can be found at 122.91 (23.6 % Retracement Level), a break above this level will open the door to 123.50 handle. The pair rebounded from 121.17 after Greece PM Tsipras, asked for his partly backing for tighter austerity reforms.
- Recommendation: We prefer long above 122.00, targets 122.60, 123.00, SL 121.30.
Resistance Levels
R1: 122.43 (38.2 % Retracement Level)
R2: 122.67
R3: 122.91 (23.6 % Retracement Level)
Support Levels
S1:122.04
S2:121.65 (61.8 % Retracement Level of 120.39 to 123.70)
S3:121.17 ( June 9th low)


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