Looks like we are in for another bumpy ride today with two crucial meetings ahead. Greece and the EU still failing to reach any agreement on the bailout terms – rumors abound but as yet no definitive solution.

There’s also Ukraine to deal with and threat of more sanctions against Russia.

EUR/USD moving sideways waiting for after selling earlier in the week. Doesn’t look like we are going to get any upward move until this uncertainty is out of the way.

If Greece comes out of the euro the ramifications will be massive – potentially we could see a similar collapse in other countries south of the alps.


The price is trying to reach again the 1.1459-1.1533 area. We have a resistance zone there, we can think to a bullish momentum only if the price will manage to jump above this resistance.

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