Daily Outlook: More details on the supposed bailout emerged this weekend in the form of a German opinion poll which showed a majority German citizens are against giving Greece any aid - in fact many think they should just expel Greece from the EU altogether. This sort of uncertainty adds risk to the markets and risk is good for the USD, further confirming my bearish technical bias. As such I will continue to sell going into the week, and will look for a retracement to the resistance in the 1.3700-1.3720 area.
Trading Idea: From 1.3720 the preferred short targets are 1.3690, 1.3655 and 1.3620. On a side note an effect of all this uncertainty in the market could be an extended range trading week, though the parameters of this have yet to be defined.
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