EUR/USD Opens With Gap As Greece Banks And Market Closed

EUR/USD gapped down nearly 150 pips on Sunday, presumably related to the ongoing situation in Greece, where banks and the stock market will be closed on Monday. While a gap of such magnitude is notable, EUR/USD is still within the technical analysis patterns it was in prior to the open. The chart below illustrates.

EUR/USD Daily Chart

At least for now, the market appears to be responding to resistance at 1.0987.

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