Greece meeting comments
The EURUSD moved above the 100 bar MA on the intraday 5-minute chart and the 50% of the last leg down. That was enough to trigger some stops above 1.0958. The move back above the 50% of the move up from the March 2015 low at 1.1063 (not shown) also contributed to the rise and the price scooted to 1.09749.
Don't let the rise fool you (or so it seems) as the price is back down below the level that triggered the buying. Expect more choppy action for the time being. With flows dictating as liquidity conditions becoming more strained. There are Greece headlines following their latest meeting. Tsipras seems to be more quiet after the meeting. His new finance minister might be advising to speak softly and get to work instead.
Don't over trade now.
At some point the trader focus will be on Europe or US. Then there is China where the Shanghai index has fallen 30% from the high reached in June.
