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EUR-crosses Catch a Bid on Greek Deal Proposal

EUR-crosses Catch a Bid on Greek Deal Proposal

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- USDOLLAR uptrend thrown into question after EURUSD rally.

- AUDUSD, USDCAD less affected than European FX.

- See the DailyFX economic calendar for Friday, July 10, 2015.

Markets like the Greek proposal, even though it's practically the exact same one the Eurogroup offered Greece, which was taken to referendum and rejected. See the above video for technical considerations in EURUSD, AUDUSD, USDCAD, EURGBP, and the USDOLLAR Index, as well as an overview of recent developments in Greece.

Read more: Post-FOMC Minutes USD Decline Nearing Completion? Déjà Vu!

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.