Dear Traders

Yesterday the Euro fell further at 1.10. With Greece dominating the news, all points out to a significant date after the referendum on sunday, however we may see the Euro move higher before sunday.

The chart bellow shows that the Euro is stabilising after a double bottom support, which indicates a potential move to the upside, is in my opinion, furthermore the potential up-trend is strengthened by a reverse head and shoulders pattern. Should the euro rise above the Head & Shoulders neck line at 1.13520, there could be further up move to 1.27.

Good luck to you all
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