The uncertainty surrounding the EURUSD are once again back in the headlines.  The cross gaped down to start the week due to expansion is Spain's 10 yr bonds yields to 7.5% and fear that Greece will not be able to meet the obligations of the ECB, IMF and EU.  Heading into Asian trading the daily low will be the focus.  If the pair breaks below that level the cross could be in for an additional push lower.  Solid technical support can not really be found until the 1.1880 level.  Any move up towards the gap open around 1.2150 could find sellers.  The trend at the moment is lower, so trades should focus on the downside.

Sup                 1.2065                 1.1880

Res                 1.2150

Plan:  Looking to sell pullback

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