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Euro Rallies Towards 1.3000 Viewed As Formidable Sell Opportunity
Risk correlated assets have managed a modest recovery in the early week, although the bounce is likely more attributed to a technical correction than anything truly fundamental. We have seen some optimism on the news of Germany and France saying they want to see Greece remain in the Eurozone, however, this is hardly the type of fundamental catalyst that would help to inspire legitimate bids. As such, we continue to recommend proceeding with caution. Our best strategy from here would be to look to sell the Euro on an additional jump to 1.3000 which now acts as solid previous support turned resistance. ECONOMIC ... (full story)
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