• Downside risks for the euro have increased in the near-term as Grexit would provide a negative shock to the euro-zone economy. Probability is high for a looser ECB policy, and introduction of  some re-denomination risk into euro-zone assets and liabilities. 
  
  
• EUR/GBP is currently trading at 0.7108, with chances of rise above 0.7130 after reports of Greek Fin Mins resignation. 

Resistance Levels:

R1: 0.7118 ( July 2 high)

R2: 0.7140 (June 30 high)

R3: 0.7166 (June 29 high)

Support levels:

S1: 0.7056 (61.8% Fibo of 0.6989 - 0.7166)  
                                         
S2: 0.6989 (Jun 29 low)                                                    
S3: 0.6920 (Monthly Low Nov 2007)