IIFT Daily Note with Peter Brown

Back in Ranges?

Posted by:  |  Time: 7:09 am  |  Topic:
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After Friday’s sell off we now open with a Greek deal pushing Euro higher. With protests likely to increase I cannot see this being the end to Greek problems, more likely the begining. Think 1.3300 will be an important level, might take a lot to get hrough there.

The S&P looks tired. It has recovered from Friday but 1352 still holds to the upside. We need to see how the market takes this Greek news but I would still sell on rallies.

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