EUR/USD Technical Analysis for June 30, 2011

The EUR/USD pair rose on Wednesday, but failed to move significantly over the 1.44 area. The pair is approaching the 1.45 area, and one has to wonder whether or not it will find the steam in order to get above that level. The fact that a lot of the positive news out of the Greek parliament may have been priced into the market already seems to suggest that the 1.45 may very well hold. We like selling rallies and bearish candles the closer to 1.45 we get.

Written by ForexMansion.com