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Veksler: Why I won't trade EURUSD at the moment

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There's been surprise at just how well the Euro is doing despite the Greek crisis. Ken Veksler from Accumen Management, says that while everyone is waiting for some kind of resolution out of Greece, EURUSD remains range bound. But he also says the market is waiting for the US Fed's decision on a rate hike which may or may not come later this year.

Veksler says there will be the usual volatility in EURUSD when the nonfarm payroll figure is published. But he says it will dissipate quickly as the market awaits the result of Sunday's Greek referendum.

As far as trading EURUSD, Ken explains why he's reluctant to take a position at the moment. He does though believe that the Euro will end the year higher against the Dollar, once Greece is settled.