EUR/USD Technical Outlook: Greece Debt Crisis Major Risk Concern

Euro under pressure, falling from Wellington highs of 1.4335, hitting lows 1.4272, weighed by concerns over Greece - with reports Greece missed all the conditions. Der Spiegel: The troika asserts in its report to be presented next week (this week) that Greece had missed all its agreed fiscal targets." The mission team from IMF, EC and ECB has found that Greece has missed all targets under its bailout plan, putting further funding for Greece at risks. On FX, EUR/USD at 1.4300-20 for now, bids at 1.4280-60, eye break of 1.4250/ 1.4200 again.