EUR/USD to preserve negative bias

Despite the potentially game-changing events that transpired yesterday, EUR/USD did not react to the fundamental news and did not violate any of the important levels. The immediate resistance remains at 1.2660, followed by a down-trend at 1.2750 (reinforced by he weekly PP and 2013 low). If the recovery from 1.26 continues, the latter level is expected to act as a ceiling and re-establish a decline to 1.2040—2012 low.

There is still no consensus among the SWFX market participants with respect to the future of the Euro—51% expect a rally and 49% expect a dip. As for the orders, 57% are to sell the common currency against the U.S. Dollar.