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EUR Trading Outlook (29-06-2011)

The Euro (EUR) in the back drop of protests in Greece optimism is still strong that the austerity budget will pass. Also helping is talk the French/German banks will participate in a voluntary debt rollover to help give Greece further breathing room. Overall the EUR/USD traded with a low of 1.4236 and a high of 1.4398 before closing the day around 1.4345 in the New York session. Looking ahead, June Consumer Sentiment forecast at -10 vs. -9.8.

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