Some upcoming catalyst:
-Greece reform plans (April 8~9)
-NBG quarterly . 4/2/2015?
I think it is quite unlikely that Greece will be leaving Eurozone (yet).
Even if that does happen, I expect short term decline in NBG with a even larger potential chance of recovery in the future. This is a level that I'll accumulate more positions for 5 years or so.
ECB said to raise ELA ceiling for Greek banks by EUR 70M - Bloomberg (GREK) http://www.streetinsider.com/ETFs/ECB+said+to+raise+ELA+ceiling+for+Greek+banks+by+EUR+70M+-+Bloomberg+%28GREK%29/10423655.html
1.37 premarket earlier, let's see what happens next.
Also, stops could be moved to 1.08. This will be invalidated if we get below the previous lows made a month ago.
I mean that could be like Euro +5% day or something ridic. Just think how, if everyone knows its the problem, would a longterm solution (Greece leaving) be viewed as negative? So such a binary event I suppose could be flat out wrong and it goes down more, but seems like the type of thing the market would reward.