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EUR Trading Outlook (28-06-2011)

The Euro (EUR) while the market waits for the Greek Austerity vote on Wednesday speculation that a Debt rollover will find support from private stakeholders and comments that China will support the Eurozone helped the EUR/USD rebound back to 1.4300. Overall the EUR/USD traded with a low of 1.4101 and a high of 1.4331 before closing the day around 1.4320 in the New York session. Looking ahead, July German Consumer Sentiment forecast at 5.3 vs. 5.5 previously.

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