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- The pair is currently trading around 1.1096 level. It is expected to decline further towards 1.1000 and 1.0950 later.
- To the upside, the immediate resistance sits at 1.1113, A break above this level would take it to next resistance level at 1.1161(61.2% Retracement level).To the downside, the first support level lies at 1.1075 (38.2% Retracement level).
- The market focus shifts entirely on the Greek referendum scheduled on Sunday.
Recommendation: Go short below 1.1130, targets 1.1070, 1.1020,
Resistance Levels
R1: 1.1113 (50% Retracement level)
R2: 1.1161(61.2% Retracement level)
R3: 1.1198
Support Levels
S1: 1.1075 (38.2% Retracement level)
S2: 1.1029 (23.6% Retracement level)
S3: 1.0953
