Forex technical analysis EURUSD 2 June 2015
The euro is knocking on the door of an old resistance level at 1.1040. It's pretty tight around here and 1.1050 and a break above could well see us having another look at the may highs
EURUSD daily chart
We've just nudged through 1.1050 to 1.1056 as I type but have quickly dropped back below
The Greek news is driving the price and the story from the WSJ is yet another that gives us the impression that something is coming close. As I mentioned in that post though, it is only something coming from one side of the table and the Greek still need to decide on it. The chances are that both sides are now tinkering around the edges of a deal rather than facing any big impasses that they had previously
