So the main concern here the impact of the financial aids to the movement of EUR-USD bearish trend. From technical analysis point of view i expected at least two possibilities that may happen when the bailout is pass to the Greece government.
- Strong upwards movement that will defy all the indicators that helps to keep the bearish trend. That means there will be long sharp spike upward and the aftermath of this scenario either permanent or temporary. If the result is permanent Uptrend will likely to start from here or otherwise downtrend will continue.
- If the figure of the bailout is lower than expected then there could be short sharp spike and the market will then quickly normalize to continue its downtrend direction.
Note: In certain occasion the market may move ahead of the event or sometimes during the event announcement itself. So nobody can really tell exactly when the big market traders will make their move. In this case i will wait for the first move and analyze indicators position to make ride along with the next move.
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