EURUSD Threatens Collapse if Greek Deal Falls Through, S&P 500 Close Behind

EURUSD Threatens Collapse if Greek Deal Falls Through, S&P 500 Close Behind


Things were looking dangerous in the past trading session as proxies for the dominant fundamental themes (EURUSD for Greek, AUDUSD and S&P 500 for risk appetite) testing the fading confidence in the bullish, capital market drive. News that the EU could defer the decision on the second Greek rescue program offered a catalyst to underlying fears, but concern alone may not be enough to reverse the persistent build up of risky exposure for past weeks, months and years. We run through the setups and the potential along with the factors of confirmation we await.
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