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EUR Trading Outlook (19-07-2011)

The Euro (EUR) hit lows in Europe before stock markets rebounded and hope grew an EU meeting on Thursday will announce an immediate package to support Greece. The market is still very cautious of a contagion in the Debt crisis with Spain/Italy still under pressure and Portugal/Ireland wanting more assistance. Overall the EUR/USD traded with a low of 1.4013 and a high of 1.4137 before closing the day around 1.4125 in the New York session.

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