Weak ZEW and another string of Greek headlines finally weigh
A European squeeze to 1.1330 reversed on Greek headlines and the worst ZEW reading since November. The low so far is 1.1205 but there has been a slight bounce to 1.1225.
EURUSD hourly
There is chatter about light volume with the FOMC getting underway today.
Trendline support and yesterday's low of 1.1189 are support along with a large expiry at 1.1200.
Another spot to watch is EUR/JPY. It touched 140.00 at the high but has spilled down to 138.60. There is support at Friday's low of 137.98 but look out for stops below.
The euro has been remarkably resilient over the past two weeks but it's all about the Fed at the moment.
