Hello all,
Eurusd has reached its psychological support level 1.2500. As mentioned, I favour a long this week but Greece really don't give much good news until today. I am still hesitant of eurusd turning up.
Even though, Italian Prime Minister Mario Monti said Greece is likely to stay in the euro and most of the region’s leaders supported issuing a joint bond. US fundamentals released have been looking good.
Technically, I can see strong support around 1.2500, this is a psychological level. Right now, I am waiting for how eurusd will end up this week. If eurusd can close back above 1.2650, we may see eurusd turn up next week. So lets see about it.
Well, in the meantime, have a great weekend!
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