FxWirePro: EUR/USD rejected at 1.1197, slumps to 1.1053
Monday, July 13, 2015 8:27 AM UTC
- Rally in the EUR/USD fizzled out as markets now weigh reports that Greece and the EU have found a common ground
- EUR/USD was rejected at 1.1197, and slumped to lows of 1.1053
- The pair is currently trading at 1.1078 wih strong support at 1.1027 (100 DMA) and resiatance at 1.1077 (61.8% 1.0992-1216)
- Hourly price action is back in the cloud, modestly negative setup - consolidation dominates - focus to remain on EZ headlines
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