EURUSD might be putting in a major swing high

Posted On 19 Jun 2015

EURUSD might be putting in a major swing high

The euro has come under pressure in the past couple of hours with fears over a bank run in Greece. I currently have the impression that a swing high is in place, and a break below $1.13 today would suggest a fall back to $1.12 early next week. Such a reversal may also open up a medium-term target of $1.105 depending of course on how the Greek drama plays out next week and on how the US dollar trades into the end of the month.

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