Greek's Fin Min. Varoufakis: Hopes to reach an agreement on debt by early June: EURUSD waits for minutes

A large payment is due in early June so not too surprising

Greece's finance minister is on the newswires saying that he hope to have an agreement with creditors by early June. He adds that the believes the IMF does not want to take part in an agreement post June.

The EURUSD has wandered lower as traders await the FOMC minutes. The low has reached 1.1075 in the wander lower. The high for the NY session peaked at 1.1144.

The 1.1065 level remains a key level for me on the downside (lows from end of April and early May). The low today reached 1.10614 before rebounding higher. A move below this level will start to focus on the 1.0993-1.1000 area as the next major target. This is the 50% of the move up from the April 13 low.