USDOLLAR's Bullish Triangle Still Viable after Greek Deal
- EURUSD back below $1.1100 after barely missing $1.1200.
- AUDUSD, USDCAD still represent most bullish USD opportunities.
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.
--- Written by Christopher Vecchio, Currency Strategist
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