On Friday, the EUR/USD pair continued downward as nervousness on the market persisted.
During the weekend, the Greek election took place and as expected, Syriza party won. The pair declined and again tested to break through. However, the pair lost the momentum and bounced back up.
At 9:00am GMT the German Ifo Business Climate will be released and is expected to show the highest figure since July 2014. If the reading disappoints the pair may test the support third time. The movement is sideways.
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