Greece is not looking good. Technicals are holding up by a thread
The Greece stall is in full effect with the cat being let out of the bag slowly. Will it end in another "well it's ok, take another 4 months to think about it" or are the creditors willing to play chicken and let them default, exit, wish them "good luck go ahead, figure it out on your own. Don't let the door hit you on the way out".
Technically, the EURUSD seems to be holding on by a thread. The price is "sidewaying" its way through a trend line now (you would prefer a break and run for shorts). The 50% of the move up from yesterday (lets make it an easy hurdle for the sellers) is at 1.1228 and that is equal to the low from early European trading today. A move below and there should be more selling...
Of course US employment is due out tomorrow, and maybe at the end of the day, a EURUSD without Greece is better. We know at the very least, it would free up about a million man/woman hours of meetings, which could be applied to other more positive things.
