Still it's not clear the percentage of the Greece's deficit to be removed from the assets of the EU banks (most of them French), banks have demanded not much as 40%, but the EU leaders wanted over 50%. At the same time Frence is facing a raiting decrease threat. Another 8 bln EUR for Greece,and Greek government may breathe again, when they finish the money again, stupid EU leaders will give more, who cares. I wonder for how much time Merkel and Sarkozy are going to continue that farce.
This morning we have almost reached my target from last week. My LONG from 1.3860 to 1.3940 has been closed with +80 pips. Seems that we shall have a small pullback and another push higher to 1.3960. It's less possible but is possible to touch 1.4000. But will be unable to stay there. You may enter SHORT at any level above 1.3940. If we are capable somehow to close above 1.4040 (which is weird) upside should be capped by 1.4120. But that's very very difficult and i can't see how it could happen.
GOLD is prepaired to jump to 1700 again after finding solid ground @ 1640.
Stay tuned for further updates.