EUR Trading Outlook (31-08-2012)

The Euro (EUR) the EUR/USD tested below 1.2500 after the Slovak PM stated on radio that the Eurozone was still 50-50 chance to break up. Support was found however and traders returned to focusing on the Spanish and Greece headlines. The IMF has confirmed that the Spain has not requested aid. The ECB meet next week and we may see more speculation on the ECB bond plan.

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