EUR Trading Outlook (12-03-2012)
The Euro (EUR) the rally post Greece bailout fizzled with the ISDA calling the debt swap deal a credit event and the USD well supported post nonfarm Jobs data. The market closed just above 1.3100 and a move lower Monday is very possible while the downside remains pressured. EUR/GBP tested and failed at 0.8400 and could be in for further losses this week if sentiment turns negative again.
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