EUR Trading Outlook (07-06-2011)
The Euro (EUR) came under pressure with uncertainty regarding the final bailout package for Greece inspiring profit taking from Friday&rsquo s rally. June Sentix slumped to 3.5 vs. 0.9 previously. The market listed Overall the EUR/USD traded with a low of 1.4556 and a high of 1.4659 before closing the day around 1.4585 in the New York session. Looking ahead, April Retail Sales forecast at 0.4% vs. -1% m/m.
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