Eurogroup Fails to Help the Euro in Regards to Greece

This Wednesday, the EURUSD lost some ground after the Eurogroup failed to produce any concrete actions in regards to Greece’s debt crisis. The Eurogroup is an assembly of the finance ministers of the European Union, from countries who have adopted the euro as their official currency. “We do not think it would be wise to have a public discussion” in regards to a potential assistance for Greece, the Eurogroup Chairman Juncker said. I remain long USDJPY since 86 and short AUDUSD since 87 and I will stay away from the euro until the levels of uncertainty surrounding Greece dissipates a bit. Good luck!

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