EUR/USD managed to hold onto the 1.0800 handle for a few sessions, as traders deliberated the potential impact of continuing Greece concerns. The confusing bit is the fact data across Europe has actually been showing signs of bottoming. This is supportive of the euro but the challenges from Greece put a bit of a dampener on things. Time and time again Greece has thrown some curve balls into the mix but this time it genuinely seems as if the end game is in sight. The country is in a really tough position right now and remains far from reaching a deal with its creditors. The latest reports suggest Prime Minister Alexis Tsipras has ordered local governments to deposit reserves with the central bank and that’s a clear sign of concern. Traders will continue to track headline risk around this very closely and on the calendar today we have the ZEW economic sentiment readings. The market is looking for further improvement in sentiment on that front and any disappointment will be used as an excuse to sell. Looking at the price action, there is a downtrend resistance in play which kicks in at around 1.0800. This is combining with an uptrend that’s been in place since March to form a compression triangle. Which way this will break remains debatable but it looks like it is gearing up for a big move.