EUR Trading Outlook (26-05-2011)

The Euro (EUR) did well to find support and reverse in Europe with the market ignoring rumors of snap Greek elections and extending the relief rally. June German GFK index disappointed at 5.5 vs. 5.6 previously. Overall the EUR/USD traded with a low of 1.4019 and a high of 1.4119 before closing the day around 1.4085 in the New York session. Looking ahead, ECB President Trichet Speaks.

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