- 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
R2: 1.5811(61.8% Retracement level)
S1: 1.5695 (23.6% Retracement level)
The material has been provided by InstaForex Company – www.instaforex.com