- It seems Greek PM Tsipras is willing to give in to some of the demands made by the creditors
- Greece is facing a “final deadline” this Sunday
- Failure to reach a deal by then will increase the chance of a Grexit
- Markets seem to be quite optimistic that a deal will be reached
- EUR/USD is back above 1.11, but choppy price action is likely to continue as many will look to cover positions ahead of the weekend
- There is again risk of a larger gap on the Sunday FX open; brokers have already hiked margin requirements for EUR pairs
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