Interesting scenario yesterday in which the price tried to break the strong resistance level of 1.1100: the attempt failed. EURUSD has only been able to test this area and then it has fallen just above 1.1000.
Although the configuration of the triad DWM is perish, there is no doubt that we will be seeing new attacks from the price to the resistance 1.1100. The DP has already been tested. The interesting question is that EURUSD is on the grip of the trendline support and resistance. We can expect a sudden acceleration in one direction or another.
Our bearish bias tends to both to expect that the price tests the trendline support as well as to watch out resistance where the price is currently residing. Today, however, between the meetings of the Eurogroup, the Yellen will intervene and the Greek question could alter the market. Be Prudent!!.
All Day EUR Eurogroup Meetings
2:30pm USD PPI m/m
4:00pm USD Fed Chair Yellen Testifies
Tentative EUR Greek Gov Debt Crisis Votem
Surfing the pips wishes you all a good day!
Surfingthepips staff wishes you all a good day.
Daniele Angellotti Certified Trader | SurfingThePips.com