EUR Trading Outlook (26-09-2012)
The Euro (EUR) the EUR/USD rallied in Europe as sentiment in Germany picked up according to the latest GFK. The market reversed sharply though on comments from ECB Asmussen on no more refinancing for Greece. Also hurting was reports that Spanish strikes had turned violent. A break of 1.2900 targets final large support at 1.2855 with little support below that figure.
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