EUR Trading Outlook (18-07-2011)
The Euro (EUR) was contained to the 1.4100 figure with the EU Bank stress test showing 8 failing banks being countered by the passing of the Italian Austerity budget. Ongoing concerns about the future of Greece and the EU as a whole is putting a negative tinge to the Euro with traders cautious to call an end to the saga. Overall the EUR/USD traded with a low of 1.3949 and a high of 1.4192 before closing the day around 1.4139 in the New York session.
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