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Over the Weekend Exposure

Today was pretty much a hectic day in the forex exchange market and mainly because of the ongoing negotiations between Greece and Brussels. There is no resolution between the two parties and us such this will carry over the weekend an very high level of risk and there is a high probability the markets will gap on Monday opening, and depending on the negotiation status the market can really gap either side.
Tomorrow is a key day as most likely at the end of the EU Summit we'll know where we stand…
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Grexit Saga Continues

Grexit or may just Greece default remain the most important trigger of FX volatility in the coming week. The ongoing negotiation between Brussels and Greece are just crazy and I wouldn't be surprised if they will extend again the deadline for the bailout which expire on 30 Jun. I'm not expecting anything new on the Monday's summit, and that should be the case if you take in consideration how things unfolded so far.
However all this uncertainty has failed to produce any meaningless moves in the F…
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EUR/GBP- Grexit stop, bailout incoming !

  • Charts: 4 H,1 Day
  • Elements used: CCI , Support & Resistance
  • Current Level : 0.7161
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