EUR/USD was steady at one week highs of 1.1346 after ending Wednesday’s session up 0.79%. Sentiment on the euro remained fragile as a deadlock between Greece and its international lenders continued ahead of the approaching deadline for Greece’s repayments to the iInternational Monetary Fund. Europe wants Greece to make spending cuts in order to secure a deal that will unlock €7.2 billion in bailout funds and prevent Athens defaulting on its debts when its bailout expires at the end of the month. A default by Greece could lead to the country’s exit from the euro zone. But Greek Prime Minister Alexis Tsipras stuck to a hard line on Wednesday, reiterating that further cuts cannot be made.
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BUY GBP/USD ABOVE 1.5930 TARGET 1.5950 1.5980 SL 1.5900
SELL GBP/USD BELOW 1.5840 TARGET 1.5820 1.5790 SL 1.5870
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