This trade is based on technical and fundamental non confirmed news:
"Reports suggesting that progress in negotiations is beeing made with creditors reducing demands on Greece a potentially allowing a short tem greek default"
We could have a pullback on all EUR pairs, but i prefer to trade the EURCAD
- This pair is overextended and needs a pullback. - The CAD is overbought. The oil is bouncing from a resistance level.
We have an AB=CD pattern on W1 chart:
On D1 chart we see the price rejecting the area and there is bullish divergence. The S2 pivot support can protect the SL very well.
I expect a pullback at least to the middle of bollinger bands (20 SMA).