Euro Short Cover Potential

With the greek debt payment due on April 9th and the postponement of rate hike by the Feds; it is looking likely for a euro short-cover here.

Charts suggest that market has indeed paused at 1.0460 and has established a short-term base at 1.0720 and currently trading around 1.0985.

If it can push past 1.1050, there is a chance for further short-covering up to 1.15

Let see which direction the market decides and see if we can tag a ride-along.