Dislikedhmmm huge gap up in eurusd: big boys buying up as Greece gets bailed out? iIgnored
I don't know now anything about the Yuan, but the Greece loan was approved. It causes risk appetite, so EURUSD goes up, but wait few hours after the European open to see the real reaction of the market and big boys.
There is a chance for a short term bull trend on EURUSD but I think it will only be a good situation to place your short positions. In medium and long term I think it has to go down. The recovery of EU economy is much slower then economy of US.
This week will be very interesting and full of US economic data and Greece will try to sell some bonds on Tuesday.
Don't touch, just look...