Last days we saw strong move down on Eurusd. For a moment price went down below 50 moving average and 1.3 level, but for now it looks like it managed to protect this support. There was also a support levels from 38.2% and 50% short term retracement lines. There are actually two swings you can choose to draw retracement levels, but I think that recent high (the one up to 1.33) is going to work better. It is up to you which swing you want to measure.
Decision about Greece was moved to Monday, so we have to probably wait for it to see some next wave. For now eurusd should hold these levels to be able to get back to move up.
Situation is still not clear. You may remember my previous posts about eurusd, when I was showing 38.2% retracement level as a strong resistance. The first try to break above failed. Are bulls able to get back to 38.2% retracement line, break again and hold above it?
Break down below 50 moving average and 61.8% line from first chart will put bears in better position. The third scenario is that we can have a range move between 1.29 and 1.33.
Maybe the next week is going to give us some answers.