Monday, 22 June 2015
EUR/USD resistance flattening
Even if not as early as September, American interest rates will rise fairly soon anyway, putting downward pressure on EUR/USD, and the market knows it.
Resistance is flattening and the price may be contained below $1.14.
IMF and Eurozone support for the Greek economy will continue along its thorny ride for several more years. Resolution of the current crisis will but be a postponement of a real solution for another time.
I can't see the Support Line holding, and anticipate the graph swinging to the bottom of the yellow box.