In the weekly forecast in Thursday I was hoping for a positive attitude this week to unlock the way up. The current technical picture shows that the index has good chances of growth, in case that there is good news, or even just lack of bad news.

The frustrating political decisions in Greece, however, definitely do not fit into this condition. In light of this the retest of the current level of support at 343 is likely to prove successful, which will return the index below the SMA 21, indicators will be pointing down again and the downtrend will continue. However, if the risk appetite in Europe, somehow, is back, bulls will take the situation in hand.

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