Greece Test Market

Expect Greece to issue a quick EUR 5 bln in debt early next week to take advantage of the market calm after the EU/IMF deal, the FT reports.

A successful sale should further calm the markets and could prompt a more serious short-covering rally.

The market held below the first resistance point of any importance at 1.3435/45 on Friday. 1.3530/40 is another significant area. Stop-loss buy orders are perched at 1.3465 in considerable size, traders reported on Friday.