- Markets are very volatile, As negotiations between Greece crisis and its creditors dragging on further, speculations about the outcome of Greece deal is keeping the market on the boil. Market condition is expected to be very volatile in the coming days so traders should trade this pair with caution.
- Major resistance is seen at 1.5816, a break above at this level will open the door to 1.5856 level. To the downside, immediate support can be seen at 1.5695.
Recommendation: Go long above 1.5740, targets 1.5780, 1.5810,SL 1.5621
Resistance Levels
R1: 1.5778
R2: 1.5811(61.8% Retracement level)
R3: 1.5856
Support Levels
S1: 1.5695 (23.6% Retracement level)
S2: 1.5656
S3: 1.5621
The material has been provided by InstaForex Company – www.instaforex.com