EUR/USD: Technical overview after Greece said "NO" in referendum

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Apparently, EURUSD gave a good oportunity during this week to look for short trades, after the “NO” Greek referendum victory the last sunday.

In a technical view, EURUSD reached the 200 SMA at H1 chart, which is offering dynamic resistance at this stage. However, we could expect more bullish moves towards the resistance zone of 1.1120.

Our mid-term outlook is to find short trades opportunities, because EURUSD is building the ground for it, as the current price action isn’t enough strong to break the dynamic resistance by that moving average mentioned above.

MACD indicator is entering at negative territory.

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