Open trading account Weekly Chart
EURUSD has embarked on a steep downtrend since early 2014, as the Greece crisis evolved (mainly in 2014) and talks of the Fed planning for its first rate hike (in 2015) has transpired. In the event that a deep retracement occurs in the near future, 1.2040 acts as a major magnet/support turned resistance.
Daily Chart
Not too much to note on the daily chart other than the fact that we are most likely in a range. The boundaries of the range are 1.1440 on the upside and 1.0470 on the b…