EUR/USD fell again on Tuesday, but finds itself in the middle of a very "noisy" area. With this in mind, we suspect that the next move will be sideways. The Thursday announcement of participation by private bondholders in Greek debt markets in the haircut will be vital.
EUR/CHF is coming dangerously close to the Swiss National Bank's line in the sand. If you are patient, there are probably free pips to be had here.
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