EUR Trading Outlook (06-11-2012)
The Euro (EUR) the EUR/USD failed to bounce from Friday lows and we saw continued selling of the major throughout the day. Support was found less than 1.2800 and we settled into a tight range. Delays to Greece’s aid until later this month are adding to the Euro downside. Spain officials are trying to delay asking for Bond Buying assistance while the EU discusses the costs and oversight.
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