Greek conservative Samaras gave the old college try, but was not able to for a government. So he handed back the mandate to the government for the next attempt. The announcement had little market impact.
The EURUSD trend to the upside has slowed at the highs as evident by the flatter trendlines (gap still not filled at the 1.3079 level). However, the sellers have not been able to take back firm control to the downside. A move below the 100 bar MA (blue line in the chart above) and the 38.2%-50% of the last leg higher in the pair (yellow area) would give the sellers more confidence and more control. Until then, the bulls have the upper hand. It might be less strong, but the sellers still need to prove they can make some greater progress with their selling.
