EUR Trading Outlook (28-05-2012)

The Euro (EUR) news the Spanish Catalan state needed a bailout hurt sentiment and helped EUR/USD sellers break the 1.2500 barrier briefly but good support was seen underneath and we finished near opening levels at 1.2520. The EUR/USD opened up strong on Monday however as weekend polls showed the radical left in Greece were losing support and this is lowering the chance of Greece leaving the Eurozone.

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