- Filled most, but not all the opening gap in EUR/USD
- European equities rally strongly(CAC up 1.7%, Italy up 2.7%)
- US shares rally modestly after reversing big overnight losses in futures
- EUR/USD looks to close about 100 pips above spike lows in Asia of 1.2955.
- Greek New Democracy party throws in the towel on trying to form a government in record time
Not much accomplished, net/net. Europe looks likely to close modestly lower than Friday’s close but above the 1.2975/1.3000 area, below which the bears would feel a much higher level of comfort.
