All the key levels of support we had spoken of last week have been breached and the EURUSD appears to be fully set for a significant move to the downside. To add more fuel to the fire, news on the wires points to even greater certainty of a Greek default and a further weakening of the common currency.
We are looking to sell into any rallies today as we watch the markets and keep a close ear on news out of the Eurozone on the Greek situation.
