EUR/USD: Be Careful Not to Get Chopped Up

07/08/2015 7:00 am EST

Focus: STRATEGIES

Christopher Terry

Founder and CEO, iMarketsLive

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.

Traders looking at the EUR/USD Wednesday can see that the market is in a holding pattern in front of the EuroZone meeting with Greece on Thursday as they attempt to cure the debt crisis.

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

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