Euro traders set for directionless day
Many with little to no interest in either politics or economics will have found it hard to avoid commentary on Greece this week. Although it isn’t one of the larger nations in the eurozone, it is once again at the forefront of everyone’s minds.
Time is running out, and regardless of the fact that neither side can fully agree both fundamentally want the same thing, and that is for Greece to remain in the Union.
Today’s focus is on the latest Eurogroup meeting and the EU economic summit however, it is hard to believe that the focus won’t once again be on Greece. Rumours and counter rumours are likely to appear during the day ensuring that a clear sense of direction for EUR/USD is almost certain to be unachievable.