It's hard to rely on the near tech when a Greek headline can make them redundant
It's tough for all sorts of traders right now. Good technical levels count for zilch if a headline pops up and moves the price. That makes things harder as you've got no control over those whatsoever
Stripping out the Greek noise for a moment the levels in EURUSD are still defining a range
EURUSD H4 chart
1.1180/85 has been decent support and resistance point and is now backed up by the 200 H4 ma
The little freak out that the euro did earlier pulled up at another level that has proved its worth around 1.1150
On the top, 1.1220/25 is near resistance
Ultimately 1.1200 is the pivotal number in the intraday range. When we move above we see support coming in at the big figure and likewise when we're below
At any other time we'd have some moves to play with but the risk from Greece is too great right now
Looking wider 1.1400/50 is the level I'm still going to be watching carefully if a deal is announced, if I'm not old and grey when that happens ;-)
