EUR/USD has broken through the hourly resistance line on the short-term charts, drawn off the 1.3736, 1.3705 and 1.3680 highs. Resistance is scattered up at 1.3693, 1.3705 and 1.3736 on the way up, so it isn’t likely to be a straight shot higher.
Just crossing the wires, Dutch PM Balkenede says that the IMF must be considered a possibility for Greece. That will be taken as bearish by the market, essentially admitting the EU is not up to the job…
