Greece and EURUSD pair: finding dynamic resistance around 1.1200

EURUSD filled the bearish gap left during the monday session and now it’s looking for a clear road during this week.

Greece has been in the world news headlines because of the economical crisis which is happening there and EURUSD is a pair very connected with that situation.

However, the technical outlook is already pointing to the downside, because pair is finding strong dynamic resistance at 200 SMA on H1 chart. If EURUSD does a breakout at the resistance level of 1.1357, it would be expected to test the 1.1479 zone.

MACD indicator is at negative territory and that’s why our view is bearish and in case the pair consolidates below the daily pivot point level of 1.1155, it could test the support zone of 1.1033.

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