If not now, when?

History shows us that there is less to these Greek bailout deals than meets the eye. Bailout cash has not been able to stanch the bleeding as the Greek economy contracts at an alarming rate as taxes are raised and austerity is implemented.While there are still multiple loose ends to be tied up in Greece, the news flow is unlikely to become more upbeat as we move forward.

If the euro cannot take out the important zone of resistance above 1.3300 by the end of this week, I’d imagine we’ll take another run at the downside early next week.