EUR/USD: Be Careful Not to Get Chopped Up
07/08/2015 7:00 am EST
In this video, Christopher Terry, of iMarketsLive.com, takes a technical look at this currency pair and points out that—since the market is currently in a holding pattern in front of the EuroZone meeting with Greece on Thursday—it might be best to stand aside or keep lighter positions.
This is causing the markets to stay range bound until that time and it might be best for a trader to stand aside until this is resolved or keep lighter positions so as not to cause any harm to his account if there's an adverse move against him.
By Christopher Terry, Contributor, iMarketsLive.com