KrunchieKilleen

EUR/USD: Resistance flattening below $1.14

Short
FX:EURUSD   Euro / U.S. Dollar
2
Even if not as early as September, American interest rates will rise fairly soon anyway, putting downward pressure on EUR/USD, and the market knows it. Resistance is flattening and the price may be contained below $1.14. IMF and Eurozone support for the Greek economy will continue along its thorny ride for several more years. Resolution of the current crisis will but be a postponement of a real solution for another time. I can't see the Support Line holding, and anticipate the graph swinging to the bottom of the yellow box.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.