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EUR Trading Outlook (11-06-2012)

The Euro (EUR) the Spanish Bank bailout should support the EUR/USD today but some traders may wait for a pullback to buy as the gap was quite large from Friday’s close to Monday morning’s open. Traders will be watching the response to the bailout plan on Spanish bond yields as to whether investors are pleased with the weekend developments. Many details of the bailout are yet to be discussed and will have large impacts on the market when announced.

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