Thursday, 1 March 2012

Greek and EURO opportunities.....

EURUSD was rejected near 1.35 yesterday as mentioned due to the very important resistance at those levels. The pullback was quite strong. However I see it as a chance to get in euro long again at these levels near 1.33

Greek banking sector retraced a little bit more than 50% and is now ready imho to move towards the highsand even break them.

NBG is an example of a solid greek bank. The chart favors bulls in my opinion rather than bears. I see 5 waves up with rise in volume and a correction a little bit more than 50%. At least another leg upwards above 3,10 is very possible. Next resistances are @ 2,50-2.80-3,10. Target above 3.50.

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