Trading Tips:EUR/USD was down 0.59% to 1.1084, the lowest level since May 5 from 1.1148 late Tuesday. The euro fell to fresh two-week lows against the dollar on Wednesday as concerns over the prospects of a Greek default weighed ahead of a critical June 5 deadline for Athens to reach a deal with its creditors. Athens is scrambling to reach an agreement with its international lenders over economic reforms they say must be implemented before the final €7.2 billion tranche of the country’s €240 billion bailout is released. Greece is due to make a €305 million payment to the International Monetary Fund on June 5, but will default if a deal is not reached by then.
RECOMMENDATION :
BUY GBPUSD ABOVE 1.5615 TARGET 1.5635 1.5665 SL 1.5585
SELL GBPUSD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550
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