Old Teflon is back in the game as it shrugs off Greek news once more
Going by Bloomberg's numbers we closed Friday at 1.1114 and the high so far is only 1.1096, so we've still got 18 pips to cover before the gap officially closes
Once again though, we've seen the tech washed out initially and then reassert itself through today
EUUUSD H1 chart
1.1040/45 has been a strong S&R level and it's played out that way again this morning on both sides. The gap down held below there for a while, then we flip flopped around it before breaking back up over it, and it's become support from there
We' managed a move back above the broken Apr support line but the 100 H1 ma was too much, though that comes in just near the big figure, which will have natural resistance anyway. Watch for that Apr line to maybe gather more resistance as it could be the line that the sellers at the high try to defend those shorts
1.1100 and 1.1040/45 is the first range we'll need to see break and outside of that we'll need to see 1.1115/20 broken for confirmation of a bigger push higher. Underneath, resistance after 1.1040 is at 1.1010, 1.0990 and then the low around 1.0970
We spent last week playing guessing games over the referendum and now we'll be playing the same games over the result, so expect similar moves this week which will be headline driven again
