The euro maintains the support of 1.1269

11 February, 2015

EURUSD

Buy on a level breakthrough of 1.1363 with 1.1496 target. Stop loss = 1.1310.

Reason for the trading strategy

The euro rebounded from the support level 1.1269 after the rumors that the three creditors will not demand debt repayments from Greece within the next 6 months. Greece will probably have to repay its debts with interest in six months' time. In the short term, the euro could break the upper limit of the 1,1269-1,1363 range .

EURUSD, H4


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