EURUSD May Face Resistance Near By 1.0900

Traders are pushing the EURUSD pair higher today, durign the Eurogroup Meeting on positive expectations regarding the deal with a Greece. However, no one knows when the official statements will be out, so actually gains on the pair can be failure. Technicals on the EURUSD are showing an A-B-C rally from 1.0520 with current wave C in play, but at resistance levels near 1.0900. Second resistance level for the euro is seen at 1.0900 so any bullish waves could stop there. Only sharp rise and close today above 1.1000 would put pair to bullish mode on bigger picture.
EURUSD 1h Elliott Wave Analysis

Written by www.ew-forecast.com

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