EUR Trading Outlook (27-09-2012)
The Euro (EUR) the EUR/USD rallied after finding support under 1.2850 and this is frustrating the bears who have been given every reason to sell but the downside is slowing down. A reversal will require the cooperation of Spain and some positive moves towards officially asking for a bailout. Some concerns about Greece and the broader EU Banking bailout is adding to the uncertainty and capping rallies.
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