All things Euro and risk rallied through Thursday's trading session with another round of vows made to push forward the Greek rescue. Yet, these promises are still little more than words until action is taken. Considering the actual EU vote on the second bailout program is scheduled for Monday yet we are standing just off of meaningful range highs from benchmarks like the S&P 500 and AUDUSD now, what should we expect? Clear technical levels are tempting, but thin liquidity and high volume create a serious risk in volatility. Be ready for breakouts and sharp runs, but limit expectations for follow through.