For the currency pair EURUSD, the current week, apparently, again will depend on Greece: market sentiment against the euro will depend on the news on crisis in this European country.
From a technical point of view, resistance is at 1.1450, and it is unlikely to overcome this figure before the Greek creditors tonight or tomorrow will decide something about the reforms in the country. Perhaps the situation will not change even on Wednesday, when the European regulator will settle an issue concerning the extension of the liquidity program for the Greek banking institutions. However, if the pair overcomes the indicated level by Thursday, there will be a resistance at around 1.1550.
If by mid-week parties fail to come to a reasonable agreement, the euro / dollar can freely break the first support at around 1.1270 and reach 1.1200. The pair without much difficulty will return to the lows of January 2015 - 1.1098, if the compromise is not made by the end of the week.
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