The combination of central bank buying on dips, news from Eurogroup head Juncker that he is hopeful of a deal for Greece today and very tame related markets today (stocks, bonds, commodities) are helping give EUR/USD a lift in its range. Sellers reside between 1.3370 and 80 while stops build above 1.3390.
Sellers return toward 1.3425/35 in EUR/USD while large stop-loss orders are at 1.3465.
The shape of the package will be important. As noted earlier, the more autonomous the package is, the better for the euro. If the IMF has a lead role, Europe will be waving the flag of surrender over its ability to keep its members in line.
EUR/USD trades at 1.3356/
