EUR/USD was at 1.0895, off the day’s highs of 1.0950 and not far from Wednesday’s one- month trough of 1.0818. The euro gave up early gains against the dollar on Thursday, slipping back towards one-month lows as hopes that Greece is closer to a deal with its lenders faded. The euro gained ground after the Greek government said Wednesday it had started drafting an agreement with its international creditors, signaling progress in long-running negotiations to unlock more financial aid. However, European officials subsequently played down suggestions of a deal, saying negotiators still had several issues to address before an agreement could be reached. In its latest financial stability review published on Thursday, the European Central Bank warned that default risk expectations have “increased sharply in Greece” amid heightened political uncertainty.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5370 TARGET 1.5390 1.5420 SL 1.5340
SELL GBP/USD BELOW 1.5290 TARGET 1.5270 1.5240 SL 1.5320
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