The EUR/USD extended its advance today, reaching a 4 week high of 1.3027. The advance however, has been interrupted by quite negative data coming from Europe, along with political jawboning: German lawmakers are deciding whether to approve a fresh bailout for Greece, with Schaeuble pointing that Greece default could lead to the EU breakup. The bailout, will likely be approved, yet won’t be enough to ease concerns. And while technically the pair holds a bullish short term tone, a corrective
