EUR/USD – Market nervous, but EUR stable so far

  • The uncertainty around Greece is increasing and the EU is not making any progress
  • They are once again moving from one deadline to another
  • The ECB will decide today on providing Greece with extended ELA funding
  • While the market is certainly nervous, there hasn’t been much of a reaction in EUR/USD so far
  • The pair is testing now 1.1330 support; break below would pave the way for 1.1280
  • 1.12 the key level short-term

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