EUR Trading Outlook (07-08-2012)

The Euro (EUR) the EUR/USD hit day highs in early Asia and was not able retest these again on the day as profit takers dragged the pair back to 1.2350. The US session did see another rally and we finished well supported just under 1.2400. EUR/GBP is edging closer to 0.8000 and could test the big figure in coming sessions if the sentiment continues to improve.

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