There was comment from unnamed source saying additional cuts would be made which would presumingly give the EU reason to support the debt situation. However at the same time Greek PM is on the wires saying the situation is a nightmare, that must take tough hard and sometimes unfair decisions, and must take all decisions needed to avoid the worst.
This has got the EURUSD flopping back and forth.
There is likely to be further volatility as the market digests the fluid situation. However, the more the details come out, the better chance that the true trend will be found - at some point.
The 100 hour MA at 1.3553 continues to be the pivot. Prive Above the MA = Bullish. Price Below the MA = Bearish. The beat goes on and it frustrates but be aware.
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