EUR/USD Chart Testing 50DMA Before Greek Confidence Vote

EUR/USD broke above resistance in the vertex and is still riding the uptrend line. It is now testing the 50 day moving average. Catalysts ahead include the Fed meeting and Greece confidence vote. Continue to watch that trend line and floor support (Nov 2010 high). If tested again and breached, I think it presents a decent short opportunity (in my opinion). A chart with EUR/USD updated is after jump, as well as a hyperlink to the layout with trend lines. You can also watch the EUR/USD quote live on the FreeStockCharts.com widget on the sidebar.






Hyperlink to layout if the embedded chart doesn't include drawings: http://www.freestockcharts.com?emailChartID=d0a23fbc-b3a8-48e6-89b9-83442502912c

Comments

  1. Back in vertex point on this -> Greece Seals Five-Year Austerity Deal With EU-IMF Inspectors http://www.huffingtonpost.com/2011/06/23/greece-seals-austerity-deal_n_883215.html

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  2. http://www.flickr.com/photos/dvolatility/5864016689/

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  3. Wen Says China Will Keep Investing in European Bonds in Vote of Confidencehttp://www.bloomberg.com/news/2011-06-26/wen-says-china-is-a-long-term-investor-in-european-debt-confident-on-euro.html 6/26/2011

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