The outcome of this week’s Eurogroup meeting will be key for the euro as Greece remains front and centre of traders’ thoughts, with Michael Hewson discussing the outlook for the single currency.
- The FTSE 100 may be seeing a diamond formation, with resistance at 6900 that will require a significant catalyst to target 7000
- EUR/GBP is ‘stair-casing’ lower and may look for an impulse move towards £0.7350 on any break below £0.74
- The euro is seeing a rising triangle consolidation against the yen but needs to remain above its trendline in order to break higher
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.Video content by Michael Hewson of CMC Markets.