EUR Trading Outlook (01-11-2011)

The Euro (EUR) the EUR/USD crashed through 1.4000 on news that the Greece PM would put the bailout up for a referendum. Widening Italian and Spanish bond yields also added to worries that the EU had not done enough to stop the Debt Crisis. The Euro slumped on most crosses as well with EUR/GBP slumping to 0.8600 after opening near 0.8800.

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