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- EUR/USD opened with gap, hit lows at 1.0970, in the early the Asian session and bounced back towards 1.1095 (June 6th high). Due to Greece's no referendum vote on Sunday.
- The pair is currently trading around 1.1026 level. It is expected to decline further towards 1.1000 and 1.0900 later.
- To the upside, the immediate resistance sits at 1.1064. A break above this level would take it to next resistance level at 1.1105 (61.2% Retracement level).To the downside, the first support level lies at 1.1000 (38.2% Retracement level).
Recommendation: Go short below 1.1054, targets 1.0980, 1.0940,
Resistance Levels
R1: 1.1064
R2: 1.1105(61.2% Retracement level of 1.1240 to 1.0900)
R3: 1.1157
Support Levels
S1: 1.1000
S2: 1.0970 (23.6% Retracement level)
S3: 1.0950
