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USDOLLAR's Bullish Triangle Still Viable after Greek Deal

USDOLLAR's Bullish Triangle Still Viable after Greek Deal

2015-07-13 10:56:00
Christopher Vecchio, CFA, Senior Strategist
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Talking Points:

- EURUSD back below $1.1100 after barely missing $1.1200.

- AUDUSD, USDCAD still represent most bullish USD opportunities.

- See the DailyFX economic calendar for Monday, July 13, 2015.

The lust around the announced agreement between Greece and her creditors has already started to wear off. Developments on the charts overnight suggest that markets are weary about the deal's ability to help Greece right the course, and perhaps are rightly discounting the possibility that 'this solution' is the one that ends the cycle of mini-crises in the Euro-Zone.

See the above video for technical considerations in EURUSD, AUDUSD, USDCAD, GBPUSD, and the USDOLLAR Index, as well as an overview of recent developments in Greece.

Read more: A Look at Greece’s Familiar-Looking Aid Proposal

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

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