Forex Analysis

Eye-Opener: Greece passes the test, a US hike doesn’t, and EURUSD stays in range

Janet Yellen’s bi-annual appearance requires patience.

The pair closed in NY Tuesday at $1.5455 following a whippy session as market

The pair opened in Sydney at 0.7833, at the top end of the $0.7740 to $0.7836

EUR/USD opened in Asia at $1.1339 following a $1.1288 to $1.1359 range

USD/JPY opened in Sydney at Y118.95 toward the lower end of the Y118.77 to

It would appear that Greece and the EU are working out an agreement

While the consolidation effort just above 1.0497 hints at some form of

Negative chart action and a lack of definitively upbeat economic data

While the path of least resistance looks to remain up in the Dollar to start today,

Residual strength in the Dollar off the Fed testimony, ongoing weakness in

The Pound has generally continued to carve out gains on the charts as if

EUR was mostly unchanged at 1.1337, while GBP fell 0.1% to 1.5441.