Influence of Greek Referendum on Price and EUR/USD Analysis

July 06, 2015 04:03

EUR/USD

4 hour

The Greek NO vote to the referendum on Sunday and created bearish pressure on the EUR/USD but it didn’t invalidate the ABC (light purple) formation which is the blue support trend line. The green line is the invalidation level for the WXZ (green) count.

1 hour

The triangle pattern (orange and blue) is still valid and holding.

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