Between the announcement of a Greek austerity deal and ECB President Draghi’s press conference, there has been a lot of excitement in the currency markets this morning. The EUR/USD rose to fresh session highs following Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
A buy signal arrived on the NZD/USD 4 hour chart at 0.7954. The pair traded as high as 0.8404 (+450 pips) before pulling back to current levels of around 0.8350. Next major resistance could be found at 0.8570. Short term support seen at 0.8305.
The euro ended the North American trading session unchanged against the U.S. dollar on the eve of the European Central Bank’s monetary policy announcement. Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
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