EUR/USD fell during the Friday session, but closed the day on a positive note as traders covered shorts in this pair. The Greeks are voting on the confidence in their Prime Minister, and now the Italians are under the microscope. The headline risks are palpable this weekend, and as such – it makes sense that a lot of people exited the market at the close. The technical levels to watch are 1.40 and 1.37. If we can break above 1.40 – the EUR/USD suddenly becomes a buy. Of course, if we break lower, and clear the 1.37 level – the pair should continue to fall to 1.35 before it is all said and done.
Written by FX Empire