EUR Trading Outlook (09-12-2011)
The Euro (EUR) the rally above 1.3450 was brief and the reversal very sharp with traders disappointed that no new measures were announced and the skeptical that the EU leaders would be able to work out a new deal at their 2 day summit finishing Friday. A lot of pressure is on the leaders to come up with new ways to support the market but Germany is resistant to many of the ideas. Looking ahead, EU Summit Conclusion.
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