Tsipras today made a statement which will surely have repercussions at the negotiating table having accused the IMF of “being criminally responsible” for the state of the Greek economy, this kind of language does not offer much hope of reaching a deal. That said the EURUSD has managed to hold its ground for now. However on the day chart you can see the formation of a triangle, blue area, the bottom line acting as support also aided by the 23.6% retracement line, a break on the down side of the triangle and subsequent purple support line on the day chart should lead to further downward price action. This might be due to more bad news for a possible Greek deal or from the strength of the Dollar. The 4HR chart is trading below the support line, a close below it could send the Euro down towards 1.1145 support at the bottom side of the Ichimoku cloud.

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