EUR Trading Outlook (14-06-2012)

The Euro (EUR) the EUR/USD grinded higher breaking above 1.2530 to test 1.2600 in the US session with the chance of Greece leaving the Eurozone dropping after the leader of the anti-austerity party stated although he wanted better terms for help he was still committed to staying in the EU. This has lessened the chance of the contagion spreading and the major downside risk.

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