This is a post for those who's asked how I am positioned for this market. Thought that rather than reply to individual pm's, I'd quickly outline my position here.
The bad news on Greece is now just about priced in the market. The Trend is down in daily and weekly, but the momentum is now removed from the downmove (pm me if in doubt and I will piost a chart here). The weekly had hit pitchfork and the hourly chart (shown earlier) provides some good spots for building a long position. I am not bullish long term, but there is no reason why the market cannot move back to test 1.3900 (and higher), and the probabilities favour this (80%).
The bad news on Greece is now just about priced in the market. The Trend is down in daily and weekly, but the momentum is now removed from the downmove (pm me if in doubt and I will piost a chart here). The weekly had hit pitchfork and the hourly chart (shown earlier) provides some good spots for building a long position. I am not bullish long term, but there is no reason why the market cannot move back to test 1.3900 (and higher), and the probabilities favour this (80%).