EUR Trading Outlook (28-09-2011)

The Euro (EUR) the EUR/USD broke above 1.3600 as the market reacted to positive news of support for Greece from other EU member states and talk the ESFS will be expanded continued aiding the relief rally. From the Greece side news that the property tax had passed in parliament also helped sentiment. Looking ahead, August German Import -0.4% vs. 0.8% previously.

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