EUR/USD rose slightly during the very quiet Wednesday session as the markets await the participation rates of private bondholders in the Greek haircuts. (Or, if you are wiling to be honest - decapitation.) The market will more than likely see a bit of volatility today, but truthfully the Non-Farm Payroll being on Friday could mute any reaction save a complete disaster happening.
The EUR/GBP rose a bit as well, but has formed a shooting star. This could perhaps be a bit of continuation waiting to happen. However, we need to pay attention to the 0.83 handle as well.
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