EUR/USD leaped around 200 pips on the announcements made in the EU Summit. The decision to give an equal status to the bailout funds and avoid the scenario of the Greek subordination is definitely good news. The direct bank recapitalization decision is still full of holes, big ones. There are quite a few indicators on the agenda, but the EU Summit digestion and another topic rule markets: the month, quarter and half year draw to an end, and some last minute scrambling could make markets very wild today.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-june-29-leaps-on-eu-summit-decisions-as-quarter-ends/"]EUR/USD Leaps on EU Summit Decisions as Quarter Ends[/URL][/I][/B]
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