EUR Trading Outlook (08-08-2012)

The Euro (EUR) the EUR/USD retested Monday highs at 1.2440 before falling back in the US session while we wait for more information from the Eurozone. Commentary overnight including Junker stating that a Greek Exit would be manageable but carry enormous risks. Other talk in the market was that Spain would not be asking for an additional bailout above the one already offered for its banking sector.

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