EUR crosses/EUR/USD

EUR/USD session outlook

  • Obviously EUR/JPY will be the main driving influence and what happens at 104.80:
  • The market seems to be slightly short EUR across the board and the lack of any headlines from Greece or Spain will be causing the bears some angst:
  • The EU group meeting today will not make any decisions on when the next tranche of Greek aid should be paid:
  • There are reportedly several batches of stops at regular intervals in EUR/USD above 1.2835 with sell orders light until 1.2895/00:
  • Looks like a 1.2770/1.2870 range to me in the short-term and it will get its bias off EUR/JPY during Asian trade.
  1. Good morning Sean,
    It seems the european finance ministers are still in their meeting right now…These guys make their decisions always close to 4-5 in the morning after very long discussions! Part of the market still wants to hear what comes out of it before reacting, that’s why EURUSD is very stable.

  2. Just heard that Euro Finmins wouldn’t hold press conference talks after conference. Sounds like really bad news.

    Sell sell sell.

  3. To sum it up how this crazy spike and fall came

    Euro zone officials: Fin Mins reached an agreement on Greece, 20 pip spike

    German Fin Min: No final decision on Greece till Monday, 50 pip fall

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