Daily outlook for EUR: UniCredit

Quotes from UniCredit Research:

-EUR: Yesterday, the euro recovered from earlier losses following the collapse of Greek debt talks, supported to a certain extent by a strong German ZEW index.

-Markets remain confident that a Greek deal will be reached, but the euro is unlikely to gain further for now also given strong US IP data we expect today. Still, a positive outcome in Greek talks could help the euro in the near term.