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EUR Trading Outlook (29-09-2010)

The Euro (EUR) day lows under 1.3400 were seen after Irish bonds came under pressure at the start of Europe. USD sellers though came back in force and fresh month highs just under 1.3600 were seen in the US session. October German GFK German Confidence improved 4.9 vs. 4.1 previously. EUR/USD traded with a low of 1.3380 and a high of 1.3597 before closing at 1.3580. Looking ahead, September Sentiment Data released with economic sentiment forecast at 101.2 vs. 101.8 previously.

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