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EUR Trading Outlook (05-03-2012)

The Euro (EUR) the EUR/USD continued its slide to test 1.3200 on Friday with the USD resurgent and news mildly Euro negative. Talk emerged on Friday that Greece may need a third bailout and Spain’s budget deficit has come under scrutiny given its large revised negative forecast. German Retail Sales dropped -1.6% in January in a sharp deterioration and added to the Euro selling. Looking ahead, US February ISM Services forecast at 56 vs. 56.8 previously.

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