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EUR Trading Outlook (15-11-2012)

The Euro (EUR) the EUR/USD continued to receive support across the board after finding buyers at 1.2700 and the successful Greece Aid talks earlier this week. Israeli and Spanish concerns capped the rally at 1.2800. The outlook is mixed with the chances of a substantial relief rally for the Eurozone hampered by progressively worse data from the region and US. Asia is still a bright spot for 2013 but could also be dragged into a recession with the rest of the world.

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