EUR Trading Outlook (05-11-2012)

The Euro (EUR) was crushed lower to fresh multi week lows under 1.2900 with USD strength too much for the Euro bulls to handle. Greece concerns have resurfaced with the talks stalling as the opposition resists proposed new labor reforms. The Trioka has not released its aid and we could see delay turn to risk aversion and talk of Greek’s exit from the EU.

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