This pair has been in a fairly wide range over the past 3 weeks, as concerns on what will exactly happen with the Greek’s bailout request and possible repercussions to the Euro have kept the market in a limbo and trendless. The Greek saga should be over soon possibly within a week if the Greek parliament votes for the measures imposed by Brussels. Either way this pair should continue its major trend once the issue is resolved. A good way to take advantage of a breakout in either direction is using options, setting up a Straddle; this consists of buying a Call and a Put with the same strikes. Then if the market is to move decisively in either direction you are sure to make money.

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