EURGBP could swing if Greek deal is accepted 29-May-2015

EURGBP stays around the lowest level for last 2 weeks. While Greek officials are optimistic about their deal approved, other European countries require reforms in Greek economy, including pension scheme and privaterization in public sectors.

From the point of technical analysis, the trend and momentum indicates EURGBP is expected higher for a coming week. European countries and Greece aim to agree the deal by the end of May, andaagreement will mitigate EUR risk, EUR going up.