Another interesting day as the market continues to offer uncertainty. There isnt much correlation between some of the majors and this is keeping us cautious. Were seeing the commodity currencies continue to rally along with the sterling, but the USD/CHF and EUR/USD are lagging behind. We must be vigilant as any news can quickly spark the market to go in a different direction. The EUR/USD is on a very clear path to further uncertainty and volatility as the EU continues to go back and forth with the future of Greeces bailout as well as future plans on how to handle those types of situations. As of now, the outlook for the EU continues to cloud any direction for the EUR/USD.

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