EUR Trading Outlook (30-05-2011)

The Euro (EUR) was able to shrug off concerns that the Greece bailout will be revoked with Greece reportedly missing fiscal saving targets. Strong risk appetite is supporting the Euro but EUR/GBP and EUR/CHF selling suggest broad underperformance. Overall the EUR/USD traded with a low of 1.4184 and a high of 1.4325 before closing the day around 1.4310 in the New York session.

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