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EUR Trading Outlook (18-06-2012)

The Euro (EUR) the EUR/USD was the biggest gainer on Monday morning from the Greece election news opening near 1.2740 after closing at 1.2650 on Friday. The upside potential will require the yields in Spain and Italy to now move lower in coming days or this relief rally will reverse. The G20 meeting will be focusing on Europe in Mexico over the next few days and we could see some action taken that will help restore confidence in European debt markets.

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