Those who took long EUR positions in the hope of some magical solution for Greece have again been disappointed and the big if in all of this is IF Greece complies with austerity and reform packages. Two weeks is a long time to sit on a position hoping for something/anything, so best to get out now would seem to be the mantra.
EUR/USD has slid 20 pips to 1.4260 and there are more trailing stops reported below 1.4250.
