Trading Tips:The euro slipped lower on Tuesday as investors remained wary ahead of a euro zone summit later in the day aimed at restarting negotiations between Greece and its lenders. EUR/USD was down 0.27% to 1.1026, but was holding above Monday’s lows of 1.0968. Greek Prime Minister Alexis Tsipras was to present new proposals to euro zone finance ministers later in the day, ahead of a meeting of European officials to discuss the aftermath of Sunday’s referendum in Greece. Greek banks were set to remain closed on Tuesday after capital controls were extended until Wednesday, amid concerns that lenders are close to running out of cash. Bank have been shuttered since last Monday, with ATM withdrawals limited to €60 per day. The European Central Bank announced Monday that it would keep its emergency liquidity assistance to Greece unchanged at levels announced last Monday. The ECB also said it will adjust the haircuts on collateral accepted by the Bank of Greece as part of the ELA, adding to pressure on Athens.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5590 TARGET 1.5610 1.5640 SL 1.5560
SELL GBP/USD BELOW 1.5420 TARGET 1.5390 1.5360 SL 1.5450
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