Resistance: 1.2750-70 / 1.2800-15 / 1.2830-50 / 1.2900 / 1.2950-70
Support: 1.2700/ 4.2660-70 / 1.2600-20/ 1.2560-80/ 1.2510-20

Comment: The trend is still bearish and despite high volatility, price remains between 1,3040-90 and 1,2500-50 area. Important support levels have been reached at 1,2690-2715. An upward reaction would have as first target the area of 1,2800-20, where 50% of yesterday's decline will be completed, followed by 1,2880-00 area. The downtrend reversal ranges are found at 1.3070-90 as we had mentioned in previous analysis. In case of a decline resumption, important support emerges at 1,2600-20, and then at previous lows at 1,2550-80 area.

*STRATEGY: Sell orders could be tried at an upward reaction towards 1,2800 area with target at 1,2600-20 area and stops above 1,2820.



FX Greece


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