EUR Trading Outlook (03-07-2012)

The Euro (EUR) the EUR/USD topped out near 1.2680 in Asia and was under pressure as fractures emerged between the EU nations to use more money to buy bonds. The pullback found support at 1.2570 and we spent the rest of the day in tight consolidation. The outlook is mixed with the ECB on Thursday possible providing more support and helping the EUR/USD to test higher once again.

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