EUR Trading Outlook (22-11-2012)
The Euro (EUR) was sold heading into the EU session of trading, with reports that no agreement on Greece had been reached, thus being re-scheduled for Monday the 26th of November. As such, the single currency crashed back below key 1.2800 levels, to trade as low as 1.2737, before reassurance made by German Chancellor Merkel echoed confidence that an agreement to grant Greece bail-out funds would be reached, ensuring the EURO paired back all its losses, and pushed on higher following US session rally to end the trading day above 1.2850.
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