TradePeriod
Short

[SHORT] Short term EURUSD Forecast for July 10, 2015

FX:EURUSD   Euro Fx/U.S. Dollar

The EURUSD             has shown constant persistence when approaching the 1.11 levels. During this past week, we've seen several instances of surpassing the 1.11 mark, and often times even closing above.

The real resistance that we are seeing is is above the 1.1110 range; there hasn't been a single close above (although it has been tested).

The current rate seems to be pushing (and testing) the 1.11 continuously (labeled A), yet we still haven't broken into the resistance zone (labeled B).

So long as EURUSD             closes below 1.1110-1.11350, we can continue to expect bearish movement throughout the remainder of the week.

From a Sentimental Analytical point of view, the Grexit's effects have already been transmitted through the EURUSD             pricing. Minor price fluctuations can be expected, but they will remain on the bear-ish trend.
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