Staying choppy into Tokyo open

Author: Sean Lee | Category: Forex Orders

EUR/USD has been chopping around in a 1.4370/1.4400 range  since the Greek vote was announced. Liquidity is still poor and even though there are some decent-sized sellers parked just above 1.4400, I still get the feeling that the speculative market is sitting short of EUR and we may see another exhaustive short-squeeze before the FOMC.

Watch also for reported stops in EUR/JPY above 116.00 and in EUR/CHF above 1.2160

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