Trading Tips:EUR/USD was down 0.35% to 1.1222 from 1.1266 late Friday. The euro was broadly lower on Monday after last ditch talks between Greece and its international creditors ended without an agreement on a cash-for-reforms deal on Sunday night. Talks in Brus- sels between Greece and European Union representatives failed to reach an agreement on pension reforms, budget targets and tax rates, adding to fears over a debt default that would threaten Greece’s future in the euro zone. Europe wants Greece to make spending cuts worth €2 billion, to secure a deal that will unlock additional funds before its bailout expires at the end of June and it must repay €1.6 billion to the International Monetary Fund.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5615 TARGET 1.5535 1.5565 SL 1.5585
SELL GBP/USD BELOW 1.5590 TARGET 1.5570 1.5540 SL 1.5620
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