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Long to short ratios before the market open :
No gap at open : 1.0985 (Bloomberg rates)
We have event-driven high risk week ahead of us, there are items on the calendar on both side that are very likely increase volatility around Eur/Usd, of course Friday the 5th of June will be crucial. I think by the end of next week, we should have a clear picture of which way this pair will be trading in the future.
IMF extended that Friday 5th deadline (Greece has the right to ask for “bundled” repayments in June) - that means that the deadline is the end of June not the 5th of June
IMF extended that Friday 5th deadline (Greece has the right to ask for “bundled” repayments in June) - that means that the deadline is the end of June not the 5th of June
Market is dead. Again we shall see the London session pushing the Euro up
Market is dead. Again we shall see the London session pushing the Euro up
It is not so dead - but nothing significant. We shall see tomorrow
It is not so dead - but nothing significant. We shall see tomorrow
Dip buyers moving the market. EURUSD in correction again
For now EURUSD is drifting into sideways. As long as there is no clear decision bout Greece it will be so (and don't forget : the summer lull have started )
Long term bearish channel support tested. German PMI came in much worse than expected. Greek agreement still pending
Now 1.090 is a strong support
I doubt that US data will change that