EUR USD attacks the support – Analysis -06/07/2015

The EURUSD pair opened this week’s treading with strong bearish gap after getting early results of the Greek polls, which shows a rejection to the European creditors’ demands, which pushed the price to attack the key support 1.0990, as the price opened trading below this level but it shows positive attempts to cover the mentioned gap.

Until now, our neutrality still valid until the price manages to surpass one of the next trend keys represented by the above mentioned support and 1.1100 resistance, reminding you that breaking the support will push the price to suffer intraday losses that its targets begin at 1.0880 and extend to 1.0740, while breaching the resistance represents an initial key to regain the bullish track, and the targets will start at 1.1420 and extend to 1.2000 areas after succeeding to breach the previous level.

Expected trading range for today is between 1.0900 support and 1.1200 resistance.

Expected trend for today: Neutral