There were some headlines in the morning that were implying possibility of an early deal between Greece and creditors, but the optimism quickly faded and it seems that we'll have to wait until Sunday's referendum before negotiations will continue.
Euro has now retraced more than 61.8% of the Monday's rally. It is currently trading just above 100 DMA (~1.1050), a part of the support band which includes March/April range top (1.1035 - 1.1050) and Weekly Support 1 (~1.1060). If it breaks and holds below the band, we may see an attempt at 1.0750 in the days ahead.
Euro has now retraced more than 61.8% of the Monday's rally. It is currently trading just above 100 DMA (~1.1050), a part of the support band which includes March/April range top (1.1035 - 1.1050) and Weekly Support 1 (~1.1060). If it breaks and holds below the band, we may see an attempt at 1.0750 in the days ahead.
