The Greek crisis has become another obstacle to the recovery of the common currency. The uncertainty about the further perspectives of Euro has had a negative impact on the market sentiment.
Nevertheless, investors still hope that the situation will clarify and the common currency will finally start regaining the lost positions.
The US economic data are to come out at 14:00 and 14:30 GMT.
For today’s American trading session the Department of Volume Analysis of has defined the following trends:
The mid-term trend of EURUSD is upward
The short-term situation of 6ЕU1 (EURUSD futures) is the following:
The market reaction to the current max volume cluster located at 1.4270 (3000 lots) can clarify the further perspectives of the common currency. If the level acts as a strong support level, the bulls will get a chance to preserve the uptrend. If the price gets below the level, the market will be able to easily reverse the trend.
