There are signs that the Greek proposals will not only be accepted, but that it could come earlier than expected. EUR/USD is trading at 1.1160, after already having reached 1.1165. This is an acceleration of the previous gains.
French president and other officials have endorsed the proposal and this boosts the euro, even if Germany has poured some cold water on the topic of a debt cut.
Read the rest of the article EUR/USD breaks resistance on hopes for an early deal on Greece – but issues remain