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EUR Trading Outlook (07-11-2012)

The Euro (EUR) the EUR/USD was under pressure before the US elections began with Greece remaining unresolved and the date of action pushed back until late November. If Greece votes not to accept the latest round of labor reforms and not receive bailout aid then it will likely default and leave the EU at least temporarily. EUR/USD has been well supported since the US elections started with more Obama leading to more FED easing they believe.

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