EUR/USD July 4 – Calm Before the Storm

From forexcrunch.com

Euro dollar is steady in range as the very busy week is about to unfold,. In the meantime, Independence Day in the US slows things down. A move higher was erased by fears of complications around the private sector contribution for Greece. Will a selective default be announced in any case? Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Active start to the week saw the pair rise above 1.4550 only to drop lower soon afterwards. Current range 1.4450 to 1.4550. Further levels in both directions: Below 1.4450, 1.4375, 1.4282, 1.4220, 1.4160, ... (full story)