EUR/USD - 1.3666.. Although euro fell after announcement of an anticipated pledge by the EU to help Greece as market was disappointed with a lack of a clear plan on how to do this. We already indicated in our update at 06:18GMT that the financial details will be finalised at the Eurogroup meeting of finance ministers next Monday in Brussels (but spot traders don't go into details). Asian names sold euro this morning but demand by hedge funds & other names is reported fm 1.3660-30 region. Offers at 1.3690-00, once absorbed, will send euro higher but don't expect too much headway beyond 1.3750.
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