Eur/Usd consolidating post Greece announcement; 1.3530 should cap it.

* Eur/Usd has moved higher since yesterday
I took profit on my short Eur/Usd position as spot broke through 1.3350.
Alledgedly there are real money on the bids today. Whether that is an indication that we will see a correction higher or not well have to see. A consolidation/correction might very well take place here but any move higher should be capped in the 1.3530 area or Ill reevaluate. Til then 1.30 will remain my near term target. I will be looking to reenter short Eur/Usd positions.

* Equities correcting lower; take profit/squeeze friday?
Not to me. Equities looks toppish and should cave in before long. Im running short equity positions on US and European indexes, spiced with some shorts on weak banks, looking for a 10% move nearterm. Ill stop out and reevaluate if indexes push above their highs from yesterday.


As usual, good luck




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