In the early hours of Tuesday morning, the Eurozone’s finance ministers and policymakers approved the second Greek bailout loan which will provide the debt-laden country with the EUR130 billion necessary to satisfy maturing debt obligations. On the actual news rather than the rumor of it, the Euro rallied higher against the U.S. Dollar, trading at one point at 1.3293 before retreating, unable to break through resistance at 1.3300. Several of the OpenBook gurus were able to take advantage of the brief rally; guru MPL1983 closed out a long as the pair hit 1.3271, booking a profit of 7.75% while trader noe017 closed out a short for a 13% gain. Read more
